Walmart Purchases 1.3 Million Square Foot Industrial Property In Glendale For $152.2 Million

The property asset involved in this transaction is an industrial building located at 13803 West Northern Avenue, Glendale, AZ. The asset spans 1,300,000 square feet and has been sold for a total price of $152,200,000, translating to a price per square foot of $117.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $152,200,000
• Address: 13803 West Northern Avenue
• Market: Glendale, AZ
• Square Footage: 1,300,000
• Price Per Square Foot: $117
• Buyer: Walmart
• Seller: Lincoln Property Company & Goldman Sachs

The deal was facilitated by JLL, representing Walmart. This transaction marks the largest industrial sale in Arizona for the year 2025. It follows Lincoln Property Company's previous sale of another warehouse of the same size to Dollar Tree for $147 million in September 2025.