PHOENIX-Prologis, a San Francisco-based real estate investment trust, has paid $6.2 million for the old Plastican Inc. warehouse facility in west Phoenix. The 106,000-square-foot warehouse, which sits on 21.5 acres of land near Buckeye Road and 43rd Avenue, was sold by a Plastican Inc. entity, Plastican Phoenix Properties LLC.
Prologis has plans to renovate the plastic injection-molding warehouse, which was constructed in 1993. Matt Hobaica of Lee & Associates brokered the deal. For the full story, go to Phoenix Business Journal .
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