(Read more on the industrial market.)
PHOENIX-Marking its second land buy in six months, ProLogisdoubles its land holdings to enlarge ProLogis ParkRiverside to 155 acres with a 2.4-million-sf build-out inWest Phoenix. The acquisition pushes ProLogis' all-in developmenttag to $140 million.
ProLogis' just-bought land is located at the southeast corner ofWest 55th Avenue and West Lower Buckeye Road from locally basedCowley Cos. Inc. Tyson Chave, ProLogis' vice president and marketofficer in Phoenix, says the extra acreage provides flexibility forthe developer to incorporate larger buildings into the park.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
