 |
| Mark Detmer |
PHOENIX, AZ
– Vacancy rates among Phoenix’s industrial product continue to fall, and with
the ability to offer plenty of day trips to major distribution centers,
investors are pursuing the market’s industrial portfolios.
On behalf of
White Star, LLC, JLL’s Capital Markets experts announced the firm has closed
the sale of the White Star Portfolio,
which consists of nine industrial buildings near Phoenix Sky Harbor
International Airport and the city’s interstate highway systems.
The Realty Associates
Fund X, L.P. purchased the portfolio for $42.2 million.
Managing
Directors Mark Detmer and Bo Mills led the JLL team on the
transaction.
“There is a
limited supply of institutional-quality industrial product, so investors are
aggressively chasing properties that provide barriers to entry, flexibility and
are located along major transit routes,” said Detmer.
“This portfolio features
high quality buildings with credit tenants, further driving the properties’
value.”
 |
| Bo Mills |
The White
Star Portfolio totals 460,669 square feet of multi-tenant industrial space. The
institutionally maintained and managed properties are located near Phoenix Sky
Harbor International Airport and the city’s interstate highway systems,
specifically at:
• White Star
Corporate Center (2110 – 2140, S. 7th Ave., Phoenix)
• Baseline
Foothills (4401 – 4409 E. Baseline Rd., Phoenix)
• 3710 E.
University Dr., Phoenix
• 2501 W.
Phelps Rd., Phoenix
For a complete copy of the company’s
news release, please contact:
Stacey
Hershauer
focusAZ
Marketing
& Public Relations
(480)
600-0195
No comments:
Post a Comment