MDC Realty Advisors Acquires 114,907 SF Industrial Facility in Phoenix for $24.3M

PHOENIX — Canada-based MDC Realty Advisors has purchased an industrial property located at 2632 E. Chambers St. in Phoenix. American Refrigerator Supplies sold the asset for $24.3 million. In conjunction with the acquisition, the seller signed a long-term lease for the Class A facility.

Situated on seven acres, the 114,907-square-foot building features 28-foot clear heights, 30,500 square feet of office space and immediate access to Phoenix Sky Harbor International Airport, SR-143 and Interstate 10.

Phil Haenel, Will Strong, Foster Bundy and Katie Rapine of Cushman & Wakefield’s private capital group represented the buyer and seller in the deal.