Stonemont Financial Group Acquires Industrial Property In Phoenix, Arizona For $74.7M

Stonemont Financial Group has acquired an industrial property in Phoenix, Arizona for a total price of $74,700,000. The property, located at 500 W. Pinnacle Peak Road, spans across 34 acres of land. The transaction took place on November 22, 2021, and involved the sale of a 145,474 square foot asset. The price per square foot was $513. The sellers of the property were Seefried Properties and Crow Holdings Capital.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $74,700,000
• Address: 500 W. Pinnacle Peak Road, Phoenix, Arizona
• Market: Phoenix, Arizona
• Acres: 34
• Buyer: Stonemont Financial Group
• Seller: Seefried Properties & Crow Holdings Capital

The transaction was facilitated by multiple brokers from Cushman & Wakefield, including Will Strong, Kirk Kuller, Greer Oliver, and Connor Nebeker-Hay. They represented the buyer and seller in the deal.