/

|

Newmark has successfully arranged the sale of 2727 West Grovers Avenue, a fully leased, low-coverage industrial property located in the thriving Deer Valley submarket of North Phoenix, Arizona. Newmark Managing Director Gary Cornish facilitated the transaction on behalf of the seller, ViaWest Group, a Phoenix-based real estate investment, development, and management firm.

The 22,706-square-foot industrial facility is fully occupied by Metronet, one of the fastest-growing fiber internet providers in the U.S. The building features a highly efficient layout, with approximately 20% upgraded office space and 80% functional warehouse area. Originally constructed in 1985, the facility underwent a comprehensive renovation in 2024, significantly enhancing its appeal and operational performance.