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Grand Canyon University Expands in Phoenix

Crown Realty & Dev Sells 131,000-SF Industrial
November 5, 2012
Grand Canyon University has purchased the single-story industrial and flex building located at 5115 N. 27th Ave. in Phoenix, AZ from an affiliate of Crown Realty & Development, Inc. for $6.4 million, or about $49 per square foot.

The 131,062-square foot industrial building is situated on 15 acres in the Black Canyon Industrial submarket of Maricopa County. The buyer purchased the property for a new call center.

Will Strong of Cushman & Wakefield, Inc. represented the seller. Todd Noel and Keith Lambeth with Colliers International represented the buyer.

Please see CoStar COMPS #2576415 for more information on this transaction.

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