 |
| Bo Mills |
PHOENIX, May 11, 2016 – A large portfolio of
industrial space located in one of the country’s fastest growing metro areas is
bound to attract significant investor attention: the proof is in the sale of
the three-property Phoenix Metro Portfolio.
JLL’s Capital Markets
experts closed the $66 million sale on behalf of Duke Realty Corporation.
Exeter Property Group purchased the assets.
Managing Directors Bo Mills and Mark Detmer led the JLL
team on the transaction.
“Phoenix’s industrial
market is increasingly on investors' radar due to its connectivity and
favorable yields compared to tier one markets,” said Mills. “This portfolio
represented an incredible opportunity to acquire a critical mass of
institutional-quality warehouse product in a business-friendly market.”
The three properties total
937,655 square feet and are leased to six, diverse tenants:
• Riverside Business
Center, totaling 603,909 square feet of cross-dock distribution space
• Estrella Buckeye,
totaling 250,157 square feet of distribution space
• 2021 S 51st Avenue, a
truck terminal totaling 83,589 square feet
For a complete copy of the company’s news release,
please contact:
Stacey Hershauer
Phone:
+1 480 600 0195
Email:
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