CapRock Partners and an unnamed institutionalclient have partnered to purchase the Papago Distribution Center inPhoenix. The partnership purchased the property from a global assetmanager for an undisclosed price.
The Papago Distribution Center is a 226,446-square-footdistribution center in Phoenix. It is 100% occupied by UpdikeDistribution Logistics. This purchase brings the firm's Phoenixportfolio to 340,000 square feet.
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