Kasten Long Commercial Negotiates $17.5M Sale of Cold-Storage Warehouse Near Phoenix

by Amy Works

GLENDALE, ARIZ. — Kasten Long Commercial Group has arranged the sale of a warehouse asset, located at the northwest corner of 51st Avenue and Camelback Road in Glendale. CBRE Global Investors acquired the property for $17.5 million from an undisclosed seller.

Built in 1987, the property features 105,906 square feet of cold-storage space. Sprouts Farmers Market is a tenant at the property.

Walter Unger of Kasten Long Commercial brokered the deal.

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