MDC Realty Advisors Acquires Industrial Facility In Phoenix From American Refrigerator Supplies, Inc For $24.3M

An industrial facility spanning 114,907 square feet located at 2632 East Chambers Street in Phoenix, AZ, was recently involved in a sale-leaseback transaction. The property, classified as Class A, was acquired by MDC Realty Advisors from American Refrigerator Supplies, Inc for $24.3 million. The deal involved a price per square foot of $211.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $24,300,000
• Address: 2632 East Chambers Street
• Market: Phoenix, AZ

The sale and leaseback transaction were facilitated by the brokerage team at Cushman & Wakefield, comprising Foster Bundy, Katie Rapine, Phil Haenel, and Will Strong. American Refrigerator Supplies, Inc (ARS) sold the industrial property to MDC Realty Advisors and concurrently entered into a long-term leaseback agreement with the new owner, Canada-based MDC Realty Advisors.