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Lease Leads to Purchase for Supply Chain Provider

PHOENIX—After leasing a class-A distribution facility located at 7037 W. Van Buren St. for three years, global supply chain leader XPO Supply Chain Inc. has opted to purchase the building for $30.378 million.

industrial XPO Supply Chain Inc. has exercised its option to purchase the building on West Van Buren.

PHOENIX—After leasing a class-A distribution facility in the heart of Phoenix’s Southeast Valley industrial market for three years, global supply chain leader XPO Supply Chain Inc. has opted to purchase the building. The company formerly known as Menlo Worldwide originally occupied the Lincoln Property Company building in 2013, bringing with it a wide variety of Internet fulfillment-related jobs. XPO executed its option to purchase the building located at 7037 W. Van Buren St. for $30.378 million.

Lincoln Property Company’s executive vice president David Krumwiede tells GlobeSt.com: “This deal is unique in that XPO was able to buy a building that already had proven to meet and exceed the company’s operational and logistics requirements. That creates nice peace of mind and a win-win for all sides of the transaction.”

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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