138
TEMPE, ARIZ. — Cushman & Wakefield has negotiated Coxreels’ $5.5 million purchase of an 116,900-square-foot industrial building located at 5865 South Ash Ave. in Tempe. The site will serve as the new headquarters for the nearly 90-year-old family-owned and operated manufacturer of heavy-duty industrial grade hose and cable reels. Cushman & Wakefield’s Mark Detmer and Bo Mills represented the buyer in the transaction; the seller, a W.P. Carey-controlled entity, was self-represented.