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Caliber and Habitat Metro buy eight Arizona buildings for $7.5 mln
The transaction is part of a revitalization project for Mesa, Arizona. SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Caliber – The Wealth Development Company, a real estate investment, development and management firm, and project partner, Habitat Metro ...
Caliber and Habitat Metro have acquired eight buildings in Mesa, ArizonaThe price of the acquisition was $7.5 millionThe transaction is part of a revitalization project for Mesa, Arizona.
SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Caliber – The Wealth Development Company, a real estate investment, development and management firm, and project partner, Habitat Metro, have purchased eight downtown buildings for $7.5 million on Main Street in Mesa, ArizonaInvestment in, and re-development plans for, the nearly 100,000 square feet of historic urban buildings are important project components to the economic strengthening and downtown transformation efforts of Arizona’s third largest cityCaliber Development, a subsidiary of Caliber – The Wealth Development Company, will serve as design-general contractor.
Initial concepts for revitalization include, among others, a rooftop restaurant on The Newberry buildingAccording to Roy Bade, Executive Vice President of Commercial Acquisitions and Development, “Caliber is proud to play a part in this important project for the city of MesaWe’re currently working on restoration plans with prospective new tenants to renew the energy and excitement of these underutilized historic buildings.” He added, “The retail and commercial concepts under review including restaurants, office space, and family/entertainment venues will bring vitality and support the influx of residents and visitors to the city’s urban core.”
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