< Back To Acquisition News

Industrial Property

Phoenix, AZ

Acquired November 2024

We are pleased to announce the acquisition of an industrial facility in Phoenix, AZ.

If you’re interested in selling your industrial facility in Arizona, please submit your property on our website or contact Joe Ricciuti directly at (646) 690-9779.

Here’s what the seller had to say about the transaction:

Joe, thank you for the personal touch you gave in calling me yesterday morning after our transaction concluded so successfully.  It is another example of the excellent treatment you and Ocean Block extend to your business partners.  If I were to summarize my business experience with Ocean Block, it would be something like: They discuss to reach agreement, then document that agreement, then do exactly as they said they would do.  On our transaction you and your team did what you said you were going to do; you did it on time; you provided extra support to me; and, finally, you did it without any financial hanky-panky (showing my age with this old fashioned term).

You brought a strong team to the transaction.  Please be aware that Michael Kyriak went above and beyond in replying to my email needs on the weekend when he could easily have dismissed them until the next business day.  For personal reasons, much of my work on our transaction was done weekends.  Michael was responsive, thorough and professional.
Similarly, a shout out to Attorney Elliot who helped me with several "Heads-up" items while maintaining his professional responsibilities to Ocean Block.

Lastly, a gold medal to Andres for his work bringing together the disparate pieces so the transaction could close on schedule this past Monday -- even after the long, holiday weekend.

Thank you, one and all. If I had another property that fit your portfolio, I would absolutely offer it to Ocean Block first.  If you have need in the future to provide a reference to a potential client who insists upon talking to a "real" person from a closed Ocean Block transaction, you may give them my name and number (privately), as I will be happy to provide a reference.
Happy Holidays and best wishes for continued success in 2025.

- Leigh Smart