PHOENIX—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 today 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.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
