Bendetti And Westport Capital Partners Acquire Industrial Asset In Mesa For $32.9M

The 156,000-square-foot Broadwood Business Centre located at 2450-2452 West Birchwood Avenue in Mesa, AZ was sold for $32.9 million. The property was fully leased to various tenants and was acquired by BKM Capital Partners in 2020 for $18.4 million. The sale was facilitated by Cushman & Wakefield's team, which included brokers Michael Matchett, Molly Hunt, Robert Buckley, Tracy Cartledge, and Will Strong. The transaction also involved an $18 million loan from Grant Street Funding.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $32,900,000
• Address: 2450-2452 West Birchwood Avenue
• Market: Mesa, AZ
• Seller: BKM Capital Partners
• Buyers: Bendetti and Westport Capital Partners
• Broker: Michael Matchett, Molly Hunt, Robert Buckley, Tracy Cartledge & Will Strong - Cushman & Wakefield
• Loan Provider: Grant Street Funding

The sale of the Broadwood Business Centre in Mesa involved an acquisition by Bendetti and Westport Capital Partners from BKM Capital Partners. The loan for the transaction was provided by Grant Street Funding. This deal highlights the active participation of key individuals and companies contributing to successful commercial real estate transactions in Mesa, AZ.