US Capital Development (USCD) sold the newly constructed 599,486-square-foot Class A industrial building in Glendale for $81.7 million to Cohen Asset Management. The freestanding building is part of a larger industrial campus totaling 925,504 square feet and was 100% leased at the time of sale.
A Cushman & Wakefield team led by Will Strong represented USCD in the transaction while a Cushman & Wakefield Finance team led by Rob Rubano secured $36.9 million in acquisition financing for the property.
Located at 15132 West Camelback Rd., Falcon Park 303 – Phase I offers direct highway access to two metropolitan centers and proximity to Sky Harbor International Airport with minutes from multiple major freeways including Loop 303, Loop 101 and Interstate 17 providing easy access throughout Phoenix area’s warehouse location .
