Connect Media: CRE – National Commercial Real Estate News
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January 12, 2021
Canada-based Artis Real Estate Investment Trust sold a 130,282 square foot industrial manufacturing / R&D asset in Phoenix for $ 27 million to Mapleton Investments, a Los Angeles-based family office. The fully leased single-tenant facility has served as the North American headquarters and global training facility for ASM America, Inc., a supplier of semiconductor process equipment, for decades.
The mission critical building at 3440 E. University Dr. includes highly specialized improvements such as clean room rooms and extensive air and water filter systems. The institutional grade two story building is also near a liquid nitrogen supply line and gas storage tanks in Southbank Business Park.
Adam Nathanson of Mapleton said, “We are excited to close our first commercial transaction in Phoenix and we believe strongly in the marketplace. With real estate holdings currently spread across California, Washington, Oregon, and Nevada, it is truly satisfying to plant a flag in Arizona. “
Chris Toci and Chad Littell from Cushman & Wakefield represented the seller.
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Tags: acquisition, office, technology
Acquisition of office technology
Phoenix Phoenix Southwest News
Artis REIT to sell Phoenix HQ Facility for $ 27 million