LevRose Commercial Real Estate announced the acquisition of 1401 S. Siesta Lane in Tempe, a 25,807-square-foot industrial facility purchased by North Metal and Chemical Co. for $6.1 million.

LevRose Partner Matt Leonard represented the buyer in the transaction.

“Industrial opportunities of this caliber in Tempe remain highly sought after, making this an excellent fit for their next phase of growth,” Leonard said.

Located near Loop 101, the industrial property offers efficient access to regional transportation corridors and features two office areas, 18-foot clear height warehouse space, two truck-well loading doors, two grade-level doors, and a private fenced yard. Constructed in 1997, the tilt-concrete building is designed to support a variety of industrial and manufacturing operations.

North Metal and Chemical Co. acquired the property as part of its continued growth throughout the Metro Phoenix market. The company is relocating operations from a smaller leased facility in Queen Creek to the newly purchased Tempe location, providing additional capacity and a more centralized position within the Valley.

The seller was represented by Lee & Associates.