Skip Ribbon Commands
Skip to main content

News release

Phoenix

Investors Bet on Hot Phoenix Industrial Market

JLL completes sale of Buckeye Logistics Center


Proximity to the Southwest’s major urban areas and high-quality assets continues to attract capital and propel Phoenix industrial sales. On behalf of Duke Realty Corporation and Gramercy Property Trust, JLL’s Capital Markets experts today announced the firm completed the sale of the Buckeye Logistics Center in Phoenix, Arizona. The Koll Company purchased the fully leased, Class A industrial asset.

Managing Directors Bo Mills and Mark Detmer, and Executive Vice President Pat Harlan led the JLL team on the deal.

“Phoenix’s industrial sector continues to be an attractive market to place capital, especially for assets such as the Buckeye Logistics Center with credit tenancy and a superior location,” said Mills. “Class A products with state-of-the-art features such as Buckeye Logistics Center exemplify the best this leading industrial market has to offer.”

Buckeye Logistics Center is located two miles from the I-10 freeway, which connects Phoenix and California, and is 12 miles from Sky Harbor International Airport. The building, most recently expanded in 2011, features a clear height of 30 feet, a 175-foot truck court and 14,000 square feet of office space. The campus encompasses nearly 43 acres and includes 952 parking spaces for cars and 174 trailer spaces.

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 a sale, financing, repositioning, advisory or recapitalization execution. In 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,000 specialists, operating all over the globe.

 

For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page:http://bit.ly/18P2tkv.

-Ends-

About JLL

 

JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visitwww.jll.com.