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Artis, Fresh From Fight With Shareholders, Embarks on Phoenix Industrial Deal as It Sells Assets

Moves Come After Struggle With Some Investors That Ended in a CEO Change

Winnipeg-based Artis Real Estate Investment Trust sold a building in Phoenix for 27 million U.S. dollars as part of a disposition program. (CoStar)
Winnipeg-based Artis Real Estate Investment Trust sold a building in Phoenix for 27 million U.S. dollars as part of a disposition program. (CoStar)

Artis Real Estate Investment Trust, which emerged in late December from a fractious battle with minority shareholders that led to a new CEO, is spending 58 million U.S. dollars on a new joint-venture development agreement.

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