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California Investment Firm Sells Tempe Commerce Park for $85.4 Million

Investcorp Buys Five-Building Light-Industrial Park After Renovation by Seller
Tempe Commerce Park was built in the 1990s. (CoStar)
Tempe Commerce Park was built in the 1990s. (CoStar)
CoStar News
March 3, 2021 | 2:43 P.M.

Growing demand for industrial properties near Phoenix helped one investor sell an industrial campus for an almost 50% premium to the price it paid for the property about six years ago.

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