Newmark Group Facilitates Sale of Fully Leased Industrial Property in North Phoenix

Reuters

Jun 25

Newmark Group Facilitates Sale of Fully Leased Industrial Property in North Phoenix

Newmark Group Inc. has successfully arranged the sale of a fully leased industrial facility located at 2727 West Grovers Avenue in North Phoenix, Arizona. This 22,706-square-foot property, occupied by Metronet, features a mix of upgraded office and functional warehouse spaces, and was recently renovated in 2024. The transaction was facilitated by Newmark Managing Director Gary Cornish on behalf of the seller, ViaWest Group. Situated in the thriving Deer Valley submarket, the property benefits from its strategic location near major economic drivers and freeway systems. This sale underscores the strong demand for low-coverage industrial properties in Metro Phoenix and highlights Newmark's expertise in identifying and capitalizing on overlooked opportunities in the market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newmark Group Inc. published the original content used to generate this news brief on June 24, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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