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MCSHANE WESTSIDE BUSINESS PARK SELLS FOR $73 MILLION

TOLLESON, ARIZ. — Irvine, Calif.-based LBA Realty Fund III-Company IX has purchased McShane Westside Business Park, a four-building industrial park located at 86th Avenue and Buckeye Road in Tolleson. 86th Avenue Industrial Park LLC sold the property for $73 million. Recently developed by McShane/MetLife, the Class A park consists of a 164,210-square-foot facility, two 203,372-square-foot buildings and a 535,213-square-foot facility. Toci and Ted Harrison of Cushman & Wakefield, along with Allen Lowe and Matt Hobaica of Lee & Associates Arizona Inc., negotiated the transaction.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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