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1120 - 1140 West Warner Road
SOLD

Granite Capital Group Acquires Warner Crossing Industrial Property In Tempe For $34.5M

1120 - 1140 West Warner Road

Industrial
403,382 SF
clock iconSold 270 days ago
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Summary

Sale
ARIZONA
Industrial
403,382 sqft

Granite Capital Group Inc., a private equity firm based in Santa Barbara, California, has acquired Warner Crossing, a 201,691-square-foot industrial property in Tempe, Arizona, for $34.5 million from the Carlyle Group. The property is located at 1120 - 1140 West Warner Road and is valued at an average price of $171 per square foot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $34,500,000
  • Address: 1120 - 1140 West Warner Road
  • Market: Tempe, AZ

Bruce Savett of Granite Capital Group Inc. served as the buyer in the transaction, while Harvey Schwartz from the Carlyle Group acted as the seller. The deal was facilitated by Kidder Mathews, who represented both parties in the transaction.

Details

Deal Summary
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SOLD
IMAGE: Bruce Savett & Harvey Schwartz DATE: 10/17/2023 ADDRESS: 1120 - 1140 West Warner Road MARKET: Tempe, AZ ASSET TYPE: Industrial BUYER: Bruce Savett - Granite Capital Group Inc SELLER: Harvey Schwartz - Carlyle Group BROKER: Kidder Mathews SALE PRICE: $34,500,000 SF: 201,691 ~ PPSF: $171 NOTE: Granite Capital Group Inc., a private equity firm based in Santa Barbara, California, has acquired Warner Crossing, a 201,691-square-foot industrial property in Tempe, Arizona, for $34.5 million from the Carlyle Group.

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Address1120 - 1140 West Warner Road

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