Oxford Properties Group and EverWest Real Estate Investors have closed on the $26.34 million Chandler Airpark. The deal completes the joint venture’s $46.34 million acquisition of a three-building, 261,940-square-foot, Kitchell-built class-A industrial portfolio that was recently completed and delivered in Chandler, Ariz.
Chandler Airpark comprises 148,830 square feet in two buildings totaling 82,119 square feet and 66,711 square feet. Each building features 28-foot clear height, dock-high and ground-level loading positions, concrete truck courts, generous power and parking.
“Chandler Airpark allowed us to acquire a vacant building with the opportunity to lease, stabilize and hold in a market experiencing exponential population growth and demand,” said Amr Ceran, EverWest managing director of Asset Management. “We are extremely bullish on the Arizona market and are pursuing additional acquisitions here in the year ahead.”
Said Ankit Bhatt, vice presid
