PHOENIX – Phoenix industrial absorption rates may have hiccupped mid-year, but investors are not deterred, as illustrated by the sale of 7200 West Buckeye Road in Southwest Phoenix. Jones Lang LaSalle's Capital Markets experts facilitated the sale on behalf of the owner this week. 7200 West Buckeye Road Industrial Investors, LLC purchased the 400,000-square-foot industrial property for $26.25 million.

Jones Lang LaSalle (JLL) Managing Directors Mark Detmer and Bo Mills represented both the buyer and the seller.

Located on Buckeye Road within minutes of Interstate 10, 7200 Buckeye Road is 100 percent leased through 2017 to national credit tenant, Home Depot U.S.A., Inc. The building was built in 2009 and includes state-of-the-art features such as 32-foot clear height, ESFR sprinklers, cross dock loading, concrete truck courts and trailer storage.