Capstone Advisors, a real estate investment firm based in Carlsbad, has acquired an Arizona industrial and office building for $14 million.
The Galveston Tech Center in Chandler was 92% occupied at the time of sale.
Tenants included CVS Health and Qorvo, a semiconductor tech firm.
Capstone advisors was represented by Steve Lindley of Cushman & Wakefield.
“We’re pleased to add Galveston Tech Center, an as-good-as-it-gets multi-tenant industrial/flex asset in the dynamic west Chandler market,” said Alex Zikakis, president of Capstone Advisors.
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“West Chandler is in the heart of the Silicon Desert, with excellent demographics, strong growth, and home to a wide collection of corporate tenants,” Zikakis said.
