Prologis Archives

Prologis acquires 3 Phoenix buildings for $14.5M

by in AZRE Magazine | Brokerage | Industrial

Industrial real estate firm, Prologis, acquired three industrial buildings totaling approximately 334,000 square-feet in Downtown Phoenix at 1630, 1710 and 1720 E. Grant St. for $14,500,000. Stein Koss and Tom Louer, Principals with Lee & Associates’ Koss | Louer Team, brokered the transaction between the publicly-traded REIT Prologis and the seller, Ohio-based Miller-Valentine Group. The three buildings, built… Read More →

Prologis sells Phoenix warehouse for $24.25M

Colliers International in Greater Phoenix recently completed the sale of a 486,241-square-foot warehouse in Phoenix for $24.25 million, or $49.87 per square foot. Exeter Property Group, headquartered in suburban Philadelphia, bought the property, at 5555 W. Lower Buckeye Rd., from Prologis Inc., a San Francisco-based REIT. Executive Vice Presidents Don MacWilliam and Payson MacWilliam with… Read More →

Prologis Riverside Distribution Center in Phoenix Sells for $13.2M

by in AZRE Magazine | Brokerage | Featured

Cassidy Turley announced the sale of Prologis Riverside Distribution Center, a ±250,796 SF industrial project at 2225 South 43rd Avenue in the southwest Phoenix submarket. Pennsylvania-based Exeter Property Group purchased the property for $13.2M ($52.63/psf) from San Francisco-based Prologis. Cassidy Turley Executive Managing Directors Andy Markham and Mike Haenel and Vice President Will Strong negotiated… Read More →

Jones Lang LaSalle Closes $22 Million Portfolio Sale

by in Business News

Capital Markets experts in the Phoenix office of Jones Lang LaSalle (JLL) have completed a $22.1 million sale of Broadway Industrial Portfolio, totalling three Class A buildings and 308,038 square feet in Tempe, Ariz. The deal is JLL’s second investment sale in the area this quarter, accentuating the strength and draw of the submarket’s commercial… Read More →

Prologis Sells I-10 West Business Center for $3.9M

by in Brokerage | Business News

Prologis, Inc. — owner, operator and developer of industrial real estate — sold the I-10 West Business Center in Phoenix for $3.925M to TRPF III/TCC – I-10 West (Trammel Crow and Thackeray Partners, Dallas). Bob Buckley, Tracy Cartledge and Steve Lindley with Cassidy Turley’s Capital Markets group represented Prologis during the sale of the ±81,571… Read More →

Phoenix lands 2 new massive warehouses

Dircks Moving & Logistics

Phoenix has landed two new warehouses totaling nearly 2 million-square-feet. The Arizona Republic reports that Fortune 500 retailer Marshalls is building a 1.2 million-square-foot distribution warehouse on 100 acres in southwest Phoenix. The discount retailer plans to hire 300 people for its new Phoenix facility. In addition, San Francisco-based developer Prologis Inc. is building a… Read More →

Prologis Begins Development On 486,200 SF Spec Warehouse In Phoenix

Prologis Riverside Park

Prologis, a global owner, operator and developer of industrial real estate, today announced that it has begun construction on a 486,241 SF cross-dock facility in Prologis Park Riverside with a target completion date of April 2013. The building – situated on a 27-acre parcel – represents the first speculative development in Phoenix since 2008. It… Read More →

Prologis Buys 106,000 SF Facility; Plans Additional 221,000 SF Spec Building


Prologis, one of the most prolific buyers of industrial properties in the Valley, purchased the former Plastican plastic injection molding facility for $6.2M. The seller was Phoenix Plastican Properties, LLC of Leominster, Mass. The 106,000 SF property is situated on 21.5 acres and is located at 4101 W. Buckeye Rd. Plans on the excess 15.9… Read More →