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22 May2020

Commercial Properties Inc./CORFAC International Sells Industrial Building and Adjacent Land in Mesa, Arizona

Commercial Properties, Inc./CORFAC International, Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 14,337 square foot flex industrial building and 1.45 acres of adjacent land in Mesa, Arizona.  

Just north of Falcon Field Airpark, the Andy Jaffe and Rex Griswold Team from CPI’s Tempe office represented the seller, ST. Ignatius of Antioch Antiochian Orthodox Church. “The seller of this mostly air-conditioned, industrial building built in 2010 with heavy power, was moving to a new location nearby that was more suited for the growing needs of their congregation,” Griswold said.

The building is located just north of the Red Mountain Loop 202 east of Higley Road on Thomas Road at 5515 E Redmont Circle in Mesa.

The Leroy Breinholt Team from CPI’s Tempe office represented the buyer, Lafayette Circle, LLC, in the purchase of the building and adjacent 1.45 acres of land.  Lafayette Circle, LLC, purchased the building and land for $2,280,575 and plans to occupy the property.

About Commercial Properties Inc./CORFAC International
Established in 1981, Commercial Properties Inc. is a full-service brokerage and property management firm for all product types of commercial real estate. Headquartered in Tempe, the company has more than 60 brokers and is operating throughout the Phoenix metropolitan area. Currently, CPI's listings include over 21.6 million square feet for sale/lease with more than 197 projects and associations under management, totaling over 12.8 million square feet. 

 

MEDIA CONTACT

Patricia True Agos
773-758-5044
patricia@ktpronline.com

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Locally Owned. Globally Connected

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 50 offices in the U.S., 4 in Canada and 17 in international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Mexico, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and the United Kingdom. CORFAC offices annually complete more than 10,000 lease and sales transactions totaling over 620 million square feet of space valued in excess of $8.2 billion.