4550-4650 W. Van Buren Street, Phoenix, Arizona

June 15, 2018
Purchased: 2018

Nicola Crosby, the real estate division of Nicola Wealth Management Ltd., is pleased to announce the acquisition of 4550-4650 W. Van Buren Street in Phoenix, in partnership with Hopewell Development.

This industrial property is comprised of two buildings totaling 153,900 sf situated on a 10.86 acre site. The property is 66% leased and will be substantially upgraded as part of our value-add strategy.

Special Thanks To:
  • Hopewell Development (Joint Venture Partner)
  • Broker – Allen Lowe (Lee & Associates)
  • Financing – Adam Parker & Chad Metzger (Newmark Realty Capital)

For more information, please contact any of the following:

Mark Hannah
Mark Hannah Managing Partner & Director 778-383-6937
Alex Messina
Alex Messina Director of Acquisitions 778-383-4020
Shaun Blythen Acquisitions Manager 604-558-5500

About Nicola Crosby

Nicola Crosby Real Estate, a subsidiary of Nicola Wealth Management Ltd., sources properties for the SPIRE Real Estate portfolios. For a complete listing of our portfolio please visit

About SPIRE Real Estate Portfolios

SPIRE Real Estate LP is an investment portfolio comprised of retail, industrial, office, multi-family, seniors and self-storage properties totaling 3.7 million square feet located in major Canadian markets. SPIRE US LP is an investment portfolio comprised of office, retail and industrial properties located in Seattle, San Francisco, Denver, Phoenix, Houston and Chicago. The portfolio also includes interests in over 14,000 multi-family apartment units located in the South and Southeast US. SPIRE Value Add LP is a new addition to the SPIRE and SPIRE US investment portfolios and focuses on generating returns through re-sale of investments in multiple projects using “value-add strategies.”