Transwestern is pleased to exclusively present the opportunity to acquire the fee-simple interest in a ±12.65-acre parcel located at the southwest corner of Priest Drive and Alameda Drive in Tempe, Arizona (the “Property”). This well-located infill site offers an exceptional opportunity for active multifamily and industrial developers to deliver a best-in-class project in one of Metro Phoenix’s most supply-constrained submarkets.

Currently vacant and free of any existing structures, the Property is zoned GID (General Industrial District) by the City of Tempe. A rezoning would be required for multifamily development - a path the City has previously demonstrated support for. The site provides flexible development potential for a range of uses, including industrial, data center, business park, or other highest and best uses that capitalize on its prime location, excellent access, and favorable market fundamentals.