LEON INDUSTRIAL ANNOUNCES NEW ACQUISITION OF INFILL PORTFOLIO IN TEMPE, AZ.
Leon Industrial is proud to announce the closing of its latest portfolio acquisition. The portfolio features three, 100% leased, infill industrial properties totaling ±175,000 SF located in the highly desirable Phoenix submarkets, Sky Harbor and Broadway.
“Our team is excited to have successfully closed on this exceptional three-building industrial portfolio in Tempe, Arizona,” stated Corbin W. Stall, Leon’s Director of Acquisitions. “The portfolio acquisition reflects our continued conviction in the resilience of Phoenix’s infill industrial submarkets. This strategic addition not only enhances our growing portfolio but also underscores our commitment to expanding our presence in two of Phoenix’s most sought-after submarkets. The assets’ prime location, with easy access to major employers, thoroughfares, and residential areas, make them attractive to a diverse range of occupiers servicing the growing Phoenix population. Furthermore, our recent sale of 2424 South 21st Street in August reaffirms our confidence in pursuing targeted and opportunistic transaction opportunities in Phoenix.”
Thank you to Phil Haenel, Foster Bundy and Will Strong at Cushman & Wakefield for presenting the opportunity and supporting the team during the acquisition process.
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About Leon Industrial:
Leon Industrial is a leading real estate developer specializing in high-quality industrial properties throughout the United States. With a focus on innovation and excellence, Leon Industrial is dedicated to meeting the needs of its tenants and contributing to the economic growth of the communities it serves.