Chandler, AZ – GPE Commercial Advisors secured the sale of 5.21 acres of I-2 zoned industrial land and 25,234-square-feet of warehouse/office space in Chandler for $3.15 million ($125 PSF).
The property, located at 11237 E. Riggs Road, formerly the home of telecommunications contractor Stewart Electric & Communications, was purchased by CSW Land Co Riggs. The transaction allows CSW Contractors, Inc. to relocate its shop and maintenance facility from Phoenix to a location that will facilitate its long-term growth strategy.
Gail Brown, JD, Associate Vice Present of GPE, represented the seller, Donna Jo Stewart, a pioneer in the wireless telecommunications industry, and John Werstler of CBRE represented the buyer.
“Donna built an extremely successful business as the female owner of a telecommunications company,” said Gail Brown. “I have enormous respect for her and am honored to have gotten to know her during the transaction. It was a joy to assist Donna in realizing her dream of retirement.”
For more information, Brown should be contacted at 480.423.7919.