Trumark Real Estate Management Buys Multi-Tenant Industrial Building in Peoria, Arizona for $20.7M

PEORIA, ARIZ. — Trumark Real Estate Management has acquired a multi-tenant industrial building, located at 8700 N. 91st Ave. in Peoria, from The Initial Development Co. for $20.7 million. Geoffrey Turbow of CBRE represented the buyer in the transaction. The asset was acquired as part of a 1031 exchange. Completed in 2024, the 75,549-square-foot, multi-tenant industrial property features grade-level doors to each bay, two shared loading docks and visibility and signage opportunities along Loop 10