An entity owned by California-based Solar Junction, a solar cell manufacturer, purchased a warehouse in Tempe with plans to move Solar Junction operations to the facility near 48th Street and Southern Avenue, according to Lee & Associates, the brokers on the sale.
Huntington Geneva LLC, a holding entity for the San Jose-based Solar Junction, acquired 2507 W. Geneva Dr. (19,401 square feet) and 2502 W. Huntington Dr. (19,450 square feet), for a total of $2,500,000. Solar Junction will move their San Jose operations to Tempe and occupy the Geneva & Huntington Properties.
“The Huntington Dr. property had a significant amount of infrastructure, power and improvements that were attractive to Huntington Geneva, LLC,” said Lee & Associates Principal Ken McQueen. “This will minimize the time/costs of Solar Junction’s improvements and allow them to expedite their move to the Arizona market.”
The owners of the two facilities also sold two other properties in the same area. Lee & Associates Principal Ken McQueen represented the owners, GD Eaton Freeway LLC, Providence RI in both deals.
Phoenix-based Iacona Properties LLC purchased 3020 S. Park Dr. (12,400 square feet) and 3030 S. Park Dr. (11,036 square feet) for a total of $1,575,000. Dan Colton with Colton Commercial represented the buyer in this transaction, which was an expansion of Iacona’s operations in Phoenix.
All four buildings are near the sought after 48th Street and Southern Avenue area in the popular Northwest Tempe industrial market. The buildings are close to the 1-10/US 60 freeway interchange and minutes from Downtown Tempe and Phoenix Sky Harbor International Airport.