PHOENIX, AZ – Lee & Associates Arizona represented both buyer and seller of Westech Business Center, 122,505-square-foot industrial building on 9.02 acres in Chandler, Arizona. The purchase price was not disclosed.
The development was a joint venture between Petsas Commercial and Hillwood with construction financing was provided by Enterprise Bank & Trust. Butler Design Group served as project architect, and Willmeng Construction was the general contractor. The flexible design incorporated state of the art features not typically found in the Southeast submarket, such as a fenced and secured all concrete 185’ truck court with 44 trailer parking spaces.
Bill Petsas stated “the building was designed to be best in class for last mile distribution, manufacturing, or a corporate headquarters.” The building perfectly met the needs of the buyer, who is a highly specialized logistics provider to the electronics industry.
The Koss | Louer Team represented the seller, Westech Petsas USIF2CF, LLC and Steve Farrell represented the buyer, Bullfrog, LLC.