COLLIERS INTL. BROKERS $6.4 MILLION LAND PURCHASE FOR HQ, DC & REPAIR DEV.

MESA, ARIZ. — Colliers International–Greater Phoenix has negotiated the $6.4 million acquisition of approximately 22.65 acres at the northwest corner of West Broadway Road and South Brooks Road in Mesa. The buyer, Crescent Crown Distributing, plans to develop a new 69,230-square-foot corporate headquarters, a 260,696-square-foot distribution facility and a 10,446-square-foot repair shop on the site. Colliers International’s Eric Bell and Mike Ciosek represented the buyer, which ranks as the fifth largest beer wholesaler in the nation. Represented by Randall Blum of locally based REB Ltd., the seller is three entities owned by Craig Berge of Mesa: Broadway Brooks LLC, Mesa Leasing Corp., and Broadway 20 LLC. Crescent Crown expects to break ground on the new facilities in February, with completion slated for 2012.