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New York buyer scoops up Valley industrial buildings for $16.6M

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Phoenix-based commercial real estate firm ViaWest Group has sold two industrial assets for $16.6 million to a New York-based investment firm.

Broadway Industrial Center and 45th Avenue Industrial Park, which include three buildings, were purchased by KKR.

Will Strong of Cushman & Wakefield and Matt McDougall and Ken McQueen of Lee & Associates brokered the sale.

The two buildings are at 2950 E. Broadway Road and 77 N. 45th Ave.

Read more from the Phoenix Business Journal.