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CapRock Partners Acquires 226,436 SF Papago Distribution Center in Phoenix

Pagago-Distribution-Center-Phoenix-AZ

Updike Distribution Logistics occupies Pagago Distribution Center, a 226,436-square-foot industrial facility in Phoenix.

PHOENIX — CapRock Partners, along with an institutional client advised by CenterSquare Investment Manager, has purchased Papago Distribution Center, a Class A industrial property located at 1010 N. 47th Ave. in Phoenix. A global asset manager sold the property for an undisclosed price.

Updike Distribution Logistics, a third-party logistics company, fully occupies the 226,436-square-foot facility. The property features 5,000 square feet of office space, 30-foot clear heights, 60 dock-high doors and three drive-in ramps. Situated on 12 acres, the asset features a 130-foot truck court and heavy power capacity. Additionally, the property is rail-service capable with seven knock-out doors and nearly 200 parking spaces.

Bo Mills and Mark Detmer of JLL represented the CapRock in the acquisition.

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