(To read more on the industrial market, click here.)

PHOENIX-A Boston fund has bought 281,917 sf of industrial space in the West Valley, paying $16.58 million for two buildings. The facilities are located about one mile from each other.

The seller, RGR Family LP of Scottsdale, has sold the two-building portfolio to Cabot Industrial Value Fund II Operating Partnership LP. The 157,523-sf building at 5310 W. Camelback Rd. is 100% occupied. Corning Gilbert Inc. has leased the property since it was built in 1981. The other building at 4502 W. Monterosa St. was built in 2000 and is vacant.

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