Real Estate Briefly: Irvine-based CapRock Partners Acquires Facility in Sky Harbor
Irvine-based CapRock Partners, a private industrial real estate investment firm, has acquired a distribution/manufacturing facility in the Sky Harbor submarket of Phoenix in an off-market transaction. The asset, a distribution/manufacturing building is near Phoenix Sky Harbor Airport. Principals Stein Koss, Tom Louer and associate Nick Nudo of The Koss | Louer Team at Lee & Associates in Arizona represented both CapRock Partners and the seller. This is CapRock Partners’ first acquisition in the Phoenix market. In a statement, the company said it will reposition the building with upgrades to the interior and exterior in order to convert the asset to a Class-A facility. CapRock Partners will create new offices, an expansive window-line and glass storefront, and complete other extensive improvements to enhance the efficiency and function of the facility.
Comments are closed