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PHOENIX — Newport Beach, Calif.-based LNR Property Corp.’s Commercial Property Group has completed the disposition of 74,268 square feet of industrial space at Washington Airport Center, a 244,768-square-foot, cross-docked distribution facility in central Phoenix. Denver-based WT Cobblehill LLC acquired the space for $8.9 million. The space is currently occupied by Sara Lee Bakery Group, which operates a just-in-time distribution facility for its baked goods. The center is located at 3425 E. Van Buren St. Mark Krison of CB Richard Ellis’ Phoenix office represented the seller; Tom Louer of Lee & Associates’ Phoenix office represented the buyer in the transaction.