ATLAS Capital Partners And Hawkins Development Company Acquire 38 Acres In Mesa For $13.8M

An industrial property comprising 38 acres located at 4140 South Signal Butte Road, Mesa, AZ, was sold for $13,800,000. This asset is situated in Mesa's Elliot Road Tech Corridor and is expected to be developed into ATLAS Exchange, a four-building Class A industrial project.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $13,800,000
• Buyer: ATLAS Capital Partners & Hawkins Development Company
• Seller: Brookfield Properties
• Brokers: Pat Harlan & Steve Larsen - JLL
• Acres: 38

This transaction highlights the collaboration between ATLAS Capital Partners and Hawkins Development Company in acquiring the property to undertake a significant development project, further emphasizing Brookfield Properties' role as the seller while JLL facilitated the deal.