Papago Distribution Center Papago Distribution Center

CapRock Partners and an unnamed institutional client have partnered to purchase the Papago Distribution Center in Phoenix. The partnership purchased the property from a global asset manager for an undisclosed price.

The Papago Distribution Center is a 226,446-square-foot distribution center in Phoenix. It is 100% occupied by Updike Distribution Logistics. This purchase brings the firm's Phoenix portfolio to 340,000 square feet.

Brokers Bo Mills and Mark Detmer at JLL represented CapRock in the Papago Distribution Center acquisition transaction.

|

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • 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
NOT FOR REPRINT

© 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.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Phoenix
Industrial
Net Lease
Capital Markets
Global CRE Investment