Prologis Takes Downtown Phoenix Industrial Buildings For $14.5 Million

PHOENIX, AZ – Prologis, the global leader of industrial real estate has acquired three industrial buildings totaling approximately 334,000-square-feet in Downtown Phoenix at 1630, 1710 and 1720 E. Grant St. for $14.5 million.

Stein Koss and Tom Louer, Principals with Lee & Associates’ Koss | Louer Team, brokered the

transaction between the publicly-traded REIT Prologis and the seller, Miller-Valentine Group, Dayton OH.

The three buildings, built between 1998-2002, are on a ground lease with the City of Phoenix Aviation Department. They are situated on approximately 23 acres. The buildings feature clear heights from 16’ to 28’, dock high loading and are adjacent to Union Pacific rail lines. The facilities are located West of Sky Harbor Airport in the Sky Harbor Business Park.

Prologis is the global leader in industrial logistics real estate across the Americas, Europe and Asia. They create value by developing and managing a world-class portfolio of high-quality logistics and distribution facilities, serving customers and investors as an integral part of the global supply chain.

For more information. contact Stein Koss, SIOR, 602.912.3520 and Tom Louer, SIOR 602.954.3779.