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.