Koll Makes a Killing in Two Southwest Sales
the Orange County registry | October, 1 2021
The Koll Co. in Irvine has sold two industrial parks in Nevada and Arizona for nearly twice what the firm originally paid.
The firm bought the 175,818-square-foot AmPac Industrial Park in Henderson, Nevada, in 2019 for $21.2 million and sold it for more than $42 million. The complex has 41 tenants.
In Tempe, Arizona, Koll bought the 58,000-square-foot Broadway Industrial Park in 2019 for $7.47 million and sold it for more than $13 million. The property has two tenants.
“What made these deals possible is the combination of implementing our in-house management expertise, strategic capital improvements and market knowledge of the leasing teams we partnered with for each property,” said Scott Meserve, a principal at The Koll Co.
CBRE, Darla Longo and Rebecca Perlmutter, partnered with Koll to sell the AmPac property.
For the sale of Broadway Industrial Park, Koll partnered with Cushman & Wakefield, Will Strong and Phil Haenel.
