(Save the date: RealShareIndustrial 2012 comes to The Banker'sClub, Miami, December 5 - 6.)

PHOENIX–Jones Lang LaSalle reports it hasbrokered a 38-acre land sale in this city’s southwest valley thatwill facilitate the start of construction of approximately 600,000square feet of spec industrial.

The buyers of the site, located at the northeast corner of 63rdAvenue and Sherman Way here, are a joint venture ofSeefried Industrial Properties of Atlanta andUSAA Real Estate Co. of San Antonio. JLL managingdirectors Anthony J. Lydon and MarcHertzberg represented the buyer. The seller’s agent isRich Sica, executive vice president ofDaum Commercial of Phoenix. No purchase price wasreleased.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.