Meritex Buys Phoenix Industrial Asset for $26M

Park Ladera at Spectrum Ridge is located within Spectrum Ridge Industrial Park and totals 220,463 square feet.

Park Ladera at Spectrum RidgePark Ladera at Spectrum Ridge

Phoenix—Meritex, a private real estate investment and management company that acquires, develops, owns and operates commercial real estate, has announced the purchase of Park Ladera at Spectrum Ridge, an industrial project in Phoenix. According to Yardi Matrix, Trammel Crow Co. sold the asset for $26.4 million.

“This acquisition is in keeping with our strategy of investing in markets that provide opportunity for growth, expansion and diversification. We continue to seek additional investments in the market with a goal of building an industrial portfolio of 1.5 to 2.0 million square feet in Phoenix,” Dan Williams, CIO of Meritex, said in a prepared statement…


Meritex Buys Phoenix Industrial Asset for $26M

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