Fallbrook, CA-based Tonto Corp. acquired a 151.6-acre land parcel in Mesa, AZ from FR/CAL 3 Mesa Warner LLC for $7.9 million. The seller was a joint-venture entity originally formed by Chicago-based First Industrial Realty Trust Inc. and California State Teachers’ Retirement System (CalSTRS).
Tonto plans to formalize a plan in the coming weeks for a business park on the site that features a quarter-mile of Loop 202 freeway frontage at Warner Road, close by PhxMesa Gateway Airport near intersection with State 24.
Parcels will be offered to end users and developers ranging from 30 to 50 acres.
The all-cash deal involved a site that was previously envisioned for development of a mixed-use business park before the market downturn.
Cushman & Wakefield’s Brian Lee and Kidder Mathews’ L.R. Sanders handled the sale. Merit Partners Inc.’s Kevin Czerwinski served as a consultant to the seller.
TONTO CORP
Tonto Corp Fallbrook - Real Estate Agents and Managers
Address:
2006 Old Highway 395
Fallbrook, California 92028-8816
On Tonto's Facebook page there are no stories availableFounded in 1992, Tonto Corp is a small real estate agent & manager in Fallbrook, California. It has 1 full time employee and generates $100,000 in annual revenue.
From Rose Law Group Reporter
Cameron’s $5M + deals of the day
(Note: These deals have not been independently verified.)Cameron Carter, Director of Rose Law Group’s Transactional Real Estate Department, thinks you need to know about these transactions in Maricopa County.
Source: http://roselawgroupreporter.com/2017/04/camerons-5m-deals-day-54/
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| Image from BREWAZ |
Buyer: Tonto Corp.
Seller: FR/CAL 3 Mesa Warner, LLC
Property Type: Vacant land
Property Size: 78 Acres
Location: South of 80th Street and Warner Rd., Mesa
Larger Map can be viewed here
APN: 304-30-016, 304-30-017A – 017D
Financing: Cash
To view the affidavit: 170228787, click here.
Mike Sunnucks in Phoenix Business Journal April 17,2017 reported this
A California group called Tonto Corp. has paid $7.9 million — or $52,341 per acre for 151.6 acres in Mesa for the development of a business park at the Loop 202 freeway and Sossaman Roads. That is according to a sales report by Business & Real Estate Weekly of Arizona.
BREW reports the seller as a joint venture of First Industrial Realty Trust (NYSE: FR) and the California State Teachers’ Retirement System.
First Industrial Lp
First Industrial Realty is an REIT [Real Estate Investment Trust] that owns, manages, acquires, sells, develops and redevelops industrial real estate.More information: http://firstindustrial.com/Capital Markets – First Quarter 2017On February 21, 2017, the Company entered into a note and guaranty agreement to issue $200 million of fixed rate senior unsecured notes in a private placement offering with a weighted average interest rate of 4.34%. The notes are comprised of two tranches: $125 million with a 10-year term at an interest rate of 4.30% and $75 million with a 12-year term at an interest rate of 4.40%. The Company anticipates closing the offering on or about April 20, 2017.
"We are pleased to return to the unsecured debt markets through this $200 million private placement as we position our balance sheet to lower our long-term borrowing costs," said Scott Musil, chief financial officer. "The offering demonstrates the strength of our credit profile and portfolio."
First Industrial Realty Trust to Host First Quarter 2017 Results Conference Call
First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator, and developer of industrial real estate, will host its first quarter 2017 results conference call on Wednesday, April 26, 2017 at 10:00 a.m. CDT (11:00 a.m. EDT).
The conference call may be accessed by dialing (888) 823-7459, and the passcode is “First Industrial.” The conference call will also be webcast live on the Investors page of the Company’s website at www.firstindustrial.com.
First Industrial’s first quarter 2017 results will be released on Tuesday, April 25, 2017 after market close and will be available on the Company’s website.
A replay of the conference call will be available shortly after the call through Friday, May 12, 2017.
First Industrial’s first quarter 2017 results will be released on Tuesday, April 25, 2017 after market close and will be available on the Company’s website.
A replay of the conference call will be available shortly after the call through Friday, May 12, 2017.
For the replay, please dial (855) 859-2056, passcode 8442112. The replay will also be available on the Company’s website.
FR/CAL 3 Mesa Warner LLC LLC registration on AZ Corporation Commission website:
http://ecorp.azcc.gov/Details/corp?corpid=R13473264
Domestic Address:
CT CORPORATION SYSTEM
3800 N CENTRAL AVE SUITE 460
PHOENIX, AZ 85012
| APPOINTED 12/10/2012 |
| 06/23/2015 |
Foreign Address:
311 S WAKER DR #4000
CHICAGO, IL 60606
Additional Entity Information:
Entity Type: FOREIGN L.L.C.
Incorporation Date: 2/23/2007
Approval Date: 2/27/2007
Domicile: DELAWARE
MARICOPA COUNTY ASSESSOR'S OFFICE
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The Assessor's Office has compiled information on this website that it uses to identify, classify, and value real and personal property. Please contact the Maricopa County S.T.A.R. Center at (602) 506-3406 if you believe any information is incomplete, out of date, or incorrect so that appropriate corrections can be addressed. Please note that a statutory process is also available to correct errors pursuant to Arizona Revised Statutes 42-16254.The Assessor does not guarantee that any information provided on this website is accurate, complete, or current.
FR CAL 3 MESA WARNER LLC
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