Arizona

TEMPE, ARIZ. — Leon Industrial, a subsidiary of Dallas-based Leon Capital Group, has purchased the Tempe Freestanding Industrial Portfolio, an infill industrial portfolio situated on more than 9 acres in Tempe. Terms of the transaction were not released. Totaling 175,723 square feet, the portfolio includes a 116,516-square-foot building at 525 W. 21st St., a 33,400-square-foot building at 1917-196 W. 1st St. and a 25,807-square-foot building at 1401 S. Siesta Lane. At the time of sale, the buildings were each 100 percent leased to single tenants. Phil Haenel, Will Strong, Foster Bundy and Katie Repine of Cushman & Wakefield’s Private Capital Group represented the buyer and undisclosed seller in the transaction. Additionally, Mike Haenel and Andy Markham of Cushman & Wakefield provided leasing advisory services.

PHOENIX — BKM Capital Partners has acquired Wier Thirty6 Business Park, an industrial asset in Phoenix, for $21.6 million. The asset is situated on 5.8 acres at 3610-3660 E. Wier Ave. and 4633-4645 S. 36th St. in Phoenix’s Airport submarket. Built 1986, the 104,146-square-foot property consists of nine freestanding buildings housing 10 units with an average size of 10,415 square feet. The park features 18-foot clear heights, five truck wells, 10- by 12-foot grade-level doors and 243 parking spaces, as well as a 48 percent office component. The buildings are fully leased to a variety of tenants, including Service Education AZ, RestorationHQ, WSP USA Environment & Infrastructure and the U.S. General Services Administration. BKM had originally purchased the asset in 2018, when it was known as Diablo Business Center, for $8 million. The firm invested more than $2 million in deferred maintenance, cosmetic upgrades and speculative tenant improvements on the property. Bob Buckley, Tracy Cartledge, Will Strong, Michael Matchett and Molly Hunt of Cushman & Wakefield represented the undisclosed seller in the deal.