CapRock Partners Acquires Industrial Facility, Adding to Portfolio in Valley

Article originally posted on Phoenix Business Journal on January 16, 2024

Two industrial properties have sold across the Valley in the past two months.

Newport Beach, California-based CapRock Partners acquired a nearly 250,000-square-foot industrial facility for $20.4 million through a new loan and a $1.6 million down payment, according to Maricopa County land records.

CapRock, a real estate investor and developer with a presence in the Valley, bought the facility in November from Chamberlain Development LLC, an entity connected to Jim Chamberlain, the president and CEO of Sun State Builders.

Read complete article here: https://www.bizjournals.com/phoenix/news/2024/01/16/caprock-partners-meritex-phoenix-industrial-sales.html