Atlas Capital Partners Acquires Arizona Republic Distribution Center In Phoenix For $38M With $24.95M Loan From Deutsche Bank

The Arizona Republic Distribution Center, a 302,989-square-foot industrial property located at 22600 North 19th Avenue in Phoenix, has been acquired by Atlas Capital Partners of Scottsdale, Arizona for a total of $38 million. The acquisition has been supported by a $24.95 million mortgage financing provided by Deutsche Bank.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $38 million
• Square Footage: 302,989
• Address: 22600 North 19th Avenue, Phoenix, AZ
• Market: Phoenix, AZ

Deutsche Bank, serving as the lender in this transaction, has provided a mortgage financing of $24.95 million to support the acquisition of the Arizona Republic Distribution Center. The landlord, Atlas Capital Partners of Scottsdale, Arizona, successfully acquired the property for a total of $38 million.