Nicola Crosby, the real estate division of Nicola Wealth Management Ltd., is pleased to announce the acquisition of Cabot Business Center in Phoenix, Arizona. The property is comprised of five buildings totaling 109,805 sf and is 96% leased. Located in the center of the Phoenix Sky Harbor submarket, the property has three freeway interchanges within a one mile radius and is also located within minutes of airline terminals, downtown Phoenix, and Arizona State University. This is SPIRE US LP’s first acquisition in the Phoenix market.
- Brokers – Darren Tappen & Peter Beauchamp (Kidder Mathews)
- Financing – Brian Bonipart, Adam Parker & Chad Metzger (Newmark Realty Capital)