The transaction was made successful through Robert Lundstedt, Trevor McKendry, and Chris Rogers of Daum Phoenix, who represented both the buyer, Griffin Opportunities of Los Angeles and the seller, Arizona Wholesale Nursery of Phoenix.
The land was previously part of a 40-acre nursery, split into 22 and 18 acres, which Arizona Wholesale Nursery has started to relocate to 80 acres near Lake Pleasant.
Griffin Opportunities plans to hold the property for future real estate development.
Griffin is also underway with the construction of its Desert Gateway development, a two-building 173,235-square-foot industrial project at 11th Avenue and Pinnacle Peak Road in Phoenix. The project is seeking tenants 8,000 square feet and up, and will be delivered with four speculative suites. Planned for completion this fall, the Daum Phoenix team of Chris Rogers, Trevor McKendry and Carl Johnson have the leasing assignment. Recent progress has been made with completion of tilting the exterior concrete walls. Additional information on this project can be found at www.desertgatewayaz.com.
DAUM Commercial Real Estate Services provides a full array of services including brokerage, consulting, leasing, sales, corporate services and asset, construction, project and property management. Founded in 1904, DAUM is California’s longest standing and most experienced commercial real estate brokerage company. DAUM has 10 offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com. DAUM Commercial Real Estate Services is a member of ONCOR International, a premier global commercial real estate network. ONCOR International LLC, a subsidiary of Realogy Corporation, oversees the ONCOR International member network. More information is available at www.oncorintl.com.