Several major industrial real estate transactions have recently closed across the Phoenix area, spotlighting the region’s enduring appeal for logistics and manufacturing companies. Notably, a 246,977-square-foot distribution facility in El Mirage sold to Boston-based Stag Industrial Holdings LLC for $46.2 million, showcasing investor confidence in the West Valley. Other significant deals include the $17.6 million sale of a warehouse property in Mesa and commercial land acquisitions for future industrial development in Buckeye and Gilbert.
These sales are emblematic of Phoenix’s robust industrial market, fueled by ongoing demand for warehousing, e-commerce fulfillment, and supply chain operations. The fast-growing West Valley continues to attract developers and investors due to its available land and infrastructure, cementing the metro’s role as a regional logistics hub. With new projects on the horizon and institutional buyers remaining active, experts anticipate steady growth for industrial real estate throughout the area.
Read the original Arizona home sales article.
