JLL Capital Markets announced today the $89.8 million sale of Fairway Commerce Center, a 450,260-square-foot state-of-the-art distribution facility in Avondale, Arizona. The trophy asset features a 10-year triple-net lease with the United States Postal Service and represents one of the most significant industrial transactions in the West Valley submarket this year.
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JLL represented the seller, Westfield Company Inc. and RGA ReCap Incorporated (ReCap Real Estate Investments) on behalf of RGA (NYSE: RGA), in the sale to an institutional investor.
Located at 12250 West Corporate Drive, Fairway Commerce Center sits on 26 acres with direct visibility to Interstate 10 and immediate access to major transportation corridors serving the Southwest region. The location offers proximity to the Ports of Long Beach and Los Angeles within a 5.5-hour drive, making it strategically valuable for distribution operations serving Western markets.
The cross-dock facility was completed in 2024 and features 40-foot clear heights, 13,800 amps of power, complete climate control, 83 dock-high loading positions and secured truck courts.
USPS has made substantial investments in facility improvements, including a fully automated sorting system with significant processing capacity. The facility operates as one of the postal service’s highest-rated locations under the ‘Delivering for America’ modernization initiative; a nationwide program focused on operational excellence and infrastructure upgrades.
Avondale sits within Maricopa County, which has maintained the number one ranking nationally for population growth over the past decade. The region benefits from a diverse economy anchored by advanced manufacturing, logistics, aerospace and defense sectors.
The JLL Capital Markets team included Senior Managing Director Ben Geelan, Senior Director Greer Oliver, Associate Bryce Beecher and Analyst Gigi Martin.
“Fairway Commerce Center represents the convergence of best-in-class property specifications, an AA-plus credit tenant with extraordinary facility investment and an infill location with Interstate 10 visibility,” said Oliver. “With 13,800 amps of power, this facility can support the most advanced manufacturing and distribution operations, positioning it as a critical infrastructure asset for tenants requiring heavy power loads.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
