Acquisitions

Pinnacle Peak Commerce Center, Phoenix, Arizona

September 28, 2017
Industrial
Purchased: 2017

Nicola Crosby, the real estate division of Nicola Wealth Management Ltd., is pleased to announce the acquisition of Pinnacle Peak Commerce Center, a 93,725 sf flex industrial property situated on 6.09 acres of land in Phoenix, Arizona. Originally constructed in 2005, the property is 100% leased to three (3) tenants and is located in the center of the Deer Valley sub-market with excellent freeway access.

Special Thanks To:

  • Brokers – Darren Tappen, Peter Beauchamp, Mike Ciosek and Eric Bell (Kidder Mathews)
  • Financing – Brian Bonipart, 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 www.nicolacrosby.com.

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.”