CHANDLER, AZ-Alliance Commercial Partners LLC has made its first industrial buy in the Valley, paying $30.45 million for a nine-building industrial park totaling 553,317 square feet.

The Lakewood, CO-based investor acquired the class A property, located at 450-590 North 54th St., from a joint venture comprised of RREEF America LLC and Lincoln Property Co. It teamed with American Realty Advisors to purchase the multi-tenant property in an all-cash deal that reflects a $55-per-square-foot purchase price.

The deal represents the largest industrial sale in roughly three years since Los Angeles-based FORT Properties Inc. acquired a 230,000-square-foot building from Ryan Cos. for $35.5 million, according to Mark Detmer, executive director with Cushman & Wakefield Inc.’s Phoenix office. Detmer marketed the property, which was a build-to-suit for Avnet Inc.