MIG Real Estate has expanded its portfolio with the acquisition of two industrial assets, one hotel and one residential asset across Arizona and California. The 2021 acquisitions are part of an investment strategy launched by MIG last year to reposition its portfolio by acquiring and developing new projects in key markets.
The three Arizona assets include Gateway Technology Commerce Center in Mesa, First Commons in Phoenix, and Sedona Real Inn and Suites in Sedona.
Gateway Technology Commerce Center is a newly constructed, two-building, 138,692-square-foot, class A industrial project. Located at 7535 East Ray Road, the property is 100 percent leased to six tenants and adjacent to both Arizona Loop 202 and the Phoenix-Mesa Gateway Airport in metro Phoenix’s Southeast Valley. Steve Lindley, Eric Wichterman and Will Strong with Cushman & Wakefield represented the seller on the transaction, with Ken McQueen and Chris McClurg of Lee Associates providing leasing advice
