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TOLLESON, ARIZ. — Phoenix-based Martens Development has sold Park 91, a two-building industrial complex in Tolleson, part of the Phoenix metro area. AEW Capital Management sold the property on behalf of a separate account client for an undisclosed price. The facility was designed to accommodate a range of occupiers through modern specifications, adaptable layouts and high-capacity infrastructure that support logistics, distribution, light manufacturing and service-oriented operations.
Will Strong, Michael Matchett, Molly Miller, Jack Stamets and Madeline Warren of Cushman & Wakefield represented both parties in the transaction. Cushman & Wakefield’s Gary Anderson and Nik Vallens provided leasing advisory services for the asset.