CBRE Global Investors has acquired a 393,484-square-foot industrial cross-dock facility in Phoenix. The acquisition is part of the fund's broader strategy to acquire and lease up properties in key industrial markets across the U.S.

Located at 3333 South 7th Street, the property is in the Airport submarket, which has a tight 8.3 percent availability rate as of Q3 2019. The property is 50% occupied by two tenants.

The property features 36-foot clear heights, 96 dock-high loading doors, four grade-level loading doors, ESFR sprinklers, wide column spacing, secured 135-foot and 185-foot truck courts, ample trailer parking and a TPO roofing system, which reflects sunlight and allows the commercial air conditioners to work more efficiently.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.