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 acres call for the construction of 221,00 cross dock industrial building which will be located at the SWC of 43rd Ave. and Buckeye Rd. The speculative building will have 62 dock high doors, 32’ clear height and 82 trailer stalls.
Lee & Associates principals Matt Hobaica and Nate Bubeck represented both the buyer and seller in this transaction.
“This property offers Prologis an excellent opportunity to build a state-of- the-art building at a time when the Phoenix industrial market is showing strong momentum,” Hobaica said.
The 106,000 SF manufacturing building was constructed in 1993 and is situated on 5 acres with a fenced yard. The building offers rail service, 12 dock high doors and 24’ clear height will be reconditioned and offered for sale or lease.