Kurt Saulnier

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Metro and Principal Announce New Mesa Light Industrial Development

Tempe, AZ – Metro East Valley Holdings, LLC, a joint venture between Tempe based Metro Commercial Properties, Inc., and a private REIT managed by Principal Real Estate Investors, Des Moines, IA, completed the purchase of 21.5 acres of land fronting the US 60 Superstition Freeway in Mesa, Arizona, for a planned four building light industrial

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Tempe Distribution Building Sells for $2.15M in Investment Transaction

TEMPE, AZ – A 25,570-square-foot industrial building at 1401 S. Siesta Lane in Tempe, sold for $2.15 million ($84.08 PSF). Lee & Associates Broker Kurt Saulnier and Principal Ken McQueen worked both sides of the Tempe distribution building transaction. The seller was Dunbar Siesta of El Segundo, CA and the buyer was Adler Realty Investments

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