PHOENIX, ARIZ. (April 8, 2024) – NAI Horizon represented the buyer, a Latino-owned construction and asphalt company, in the $9.5 million acquisition of an industrial building that will help expand its business in the Northwest Valley.
NAI Horizon Executive Vice President Jeffrey Garza Walker, MRED, MBA, and Senior Associate Art Verdugo represented Glez C Properties, LLC, in the purchase of a Class B industrial warehouse totaling 81,060 SF at 10857 N. 95th Ave., in Peoria, Arizona.
Built in 2005, the warehouse and manufacturing building will allow Gonzalez Asphalt to expand its business. The Phoenix-based company offers paving, grading, milling, line striping, parking lot maintenance, slurry seal, and site development, to name a few of its services. The asset enjoys a prime location with strong curb appeal and exceptional freeway access.
“Once again NAI Horizon is proud to be a partner with a business that serves the community and reflects the rich diverse culture in the Valley,” Garza Walker said. “This is a special building for the Gonzalez family. With a site in the Northwest Valley, this is the asset they needed to expand their business.
“Special thanks to Ivan Garcia with First Fidelity Bank who provided the family with half of the funding to make this dream come true. Gonzalez Asphalt has a well-established relationship with ADOT, getting contracts for freeway work you see around Metro Phoenix. This is a 100 percent Latino-owned business that is prospering and growing in the Valley,” Garza Walker said.
The seller, Chris Finn, was represented by Gary Cornish with Newmark and Geoffrey Turbow with CBRE. Eric Nutt with Commonwealth Title also helped facilitate the deal.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 325 offices worldwide. For more information, visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.
###