TerraCap Management has acquired Koll Cotton Center, a seven-building light industrial park in Phoenix totaling 225,403 square feet, for $30.89 million. The seller was BKM Capital Partners.
Koll Cotton Center comprises seven buildings on 17.81 acres at 4050 E. Cotton Center Blvd. within the high-demand Cotton Center Busines Park, a 286-acre mixed-use development. This infill, central Phoenix location within the high-demand Airport Industrial submarket provides easy access to all major area throughfares, including Interstates 10 and 17, providing connectivity to the entire Southwest within a single day’s drive. Tenants at the property have access to more than 2.1 million customers within 15 miles of the property and nearly 4.9 million within 55 miles. In addition, the property is proximate to Sky Harbor International Airport, downtown Phoenix and a BNSF intermodal facility.
Koll Cotton Center has been institutionally owned and maintained since it was constructed in
