EQT Exeter Acquires Sarival Logistics Center In Glendale From WPT Capital For $128.2M

The industrial asset located at 6390 North Sarival Avenue in Glendale, AZ was sold for $128,200,000. The property spans 1,156,860 square feet and was leased to Logistics Plus. This transaction marks the largest single-building industrial sale in the Valley since 2023.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $128,200,000
• Address: 6390 North Sarival Avenue
• Market: Glendale, AZ
• Square Footage: 1,156,860
• Price per Square Foot: $111

The buyer of the property is EQT Exeter, while the seller is WPT Capital. The brokers involved in this transaction are Will Strong, Michael Matchett, Jack Stamets, and Molly Hunt from Cushman & Wakefield.