SVN Desert Commercial Advisors completed the sale of an approximately 77-acre industrial site in Buckeye at the southeast corner of Apache Rd. and Southern Ave., adjacent to the Cardinal Glass and Walmart distribution facilities. Contour Real Estate, a California-based real estate investment and development firm, purchased the land for $14.5 million and plans to develop a 1.2 million-square-foot Class A cross-dock facility targeting e-commerce and logistics-related tenants in need of a regional distribution hub. The Buckeye project is the last of three fourth-quarter land acquisitions by Contour in 2021.
Leasing inquiries are being directed to Marc Hertzberg of the JLL Phoenix office.