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Joint Venture Spawns Industrial Acquisition

PHOENIX—HFF has secured joint venture equity for the acquisition of 43rd Avenue Logistics Center, a new state-of-the-art, 394,775-square-foot industrial facility located at 1635 S 43rd Ave.

By Kristian Seemeyer | Updated on March 07, 2014

PHOENIX—HFF has secured joint venture equity for the acquisition of 43rd Avenue Logistics Center, a new state-of-the-art, 394,775-square-foot industrial facility located at 1635 S 43rd Ave.

43rd Avenue Logistics Center is located in the southwest Phoenix industrial area, a warehouse district popular with large and smaller scale distribution and manufacturing companies.  The property has rail access and is situated close to Interstates 10 and 17 as well as State Routes 143, 101, 202 and 303.  Completed in 2013, the property is LEED certified and was developed jointly with a local prominent developer and a regional bank that had previously foreclosed on the site.

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