Arizona

PHOENIX — CapRock Partners has acquired an industrial facility located at 5858 W. Lower Buckeye Road in Phoenix, for an undisclosed price. The name of the seller was not released. During the acquisition process, CapRock secured two undisclosed tenants resulting in the property being 100 percent pre-leased at the close of escrow. Situated on 13.6 acres, the 249,844-square-foot, Class A distribution and manufacturing facility features 36-foot clear heights, 28 dock-high loading doors, two motorized oversized grade-level loading doors, ESFR sprinklers and heavy power (3,600 amps). The property’s exterior offers a fully secured, 245-foot concrete truck court, double-row trailer parking for 76 stalls and space for 166 auto stalls. Stein Koss, Tom Louer and Fenton Kelly at Lee & Associates represented CapRock Partners in the acquisition and leasing of the property. Josh Wyss of Cushman & Wakefield and Pat Harlan, James Panczykowski and Kyle Westfall of JLL represented the new tenants. The newly acquired asset is approximately two miles south of Loop 202 from CapRock West 202 Logistics, an eight-building, Class A industrial warehouse complex totaling 3.4 million square feet.

PHOENIX — Cushman & Wakefield has arranged the sale of a last-mile industrial portfolio, totaling 491,152 square feet in Phoenix. The two-building portfolio consists of Canal Crossing, a single-tenant building totaling 155,144 square feet on 10 acres, and Riverside @ 51st, a 336,038-square-foot multi-tenant building on 19.4 acres. At the time of sale, the properties were fully occupied. LaSalle Investment Management acquired Canal Crossing, and Link Logistics purchased Riverside @ 51st. The seller was a joint venture between a privately held national real estate company and a global investment management firm. The prices were not disclosed. Located at 5670 S. 32nd St., Canal Crossing is fully occupied by a leading distributor of aftermarket automotive and RV equipment and accessories in North America. Built in 2015, the facility features 30-foot clear heights, a 130-foot truck court, 37 dock-high doors, two ground-level doors and ESFR sprinklers. Located at 2300 S. 51st Ave., Riverside @ 51st is fully leased to five tenants. Built in 2007, the property features 30-foot clear heights, 135- to 185-foot truck courts, 91 dock-high doors, six ground-level doors and ESFR sprinklers. Will Strong, Kirk Kuller, Michael Matchett and Molly Hunt of Cushman & Wakefield’s National Industrial Advisory Group brokered the …

PHOENIX — Minneapolis-based The Meritex Co. has acquired a flex industrial building, located at 3930 E. Watkins St. in Phoenix. Simone Charitable Foundation sold the asset for $20.3 million. Built in 1999 on 7.9 acres, the 101,932-square-foot building was fully occupied at the time of sale. The property is located near Sky Harbor International Airport. Brian Ackerman of Colliers handled the sale transaction and assisted in structuring the financing for the seller.