Nicola Crosby Real Estate Acquires Cabot Business Center in Phoenix for $11.3M

PHOENIX — Nicola Crosby Real Estate has acquired Cabot Business Center, a 109,805-square-foot industrial/flex business center in Phoenix, for $11.3 million. The multi-tenant property is located at 3802-3922 E. University Drive.

This is the first Phoenix-based asset for Nicola Crosby, a subsidiary of Nicola Wealth Management Ltd., a real estate asset management company that acquires and manages properties for the SPIRE Real Estate Portfolios.

Darren Tappen, Peter Beauchamp, Aric Adams, Mike Kasulaitis, and Matthew Ault of Kidder Mathews represented the seller, Dunbar CBC, in this transaction. The firm will also manage the property.