LBA Logistics Acquires Industrial Asset From Echo Real Estate Capital For $39 Million

The asset involved in this transaction is an industrial property located at 9701 North 151st Ave., Waddell, AZ. It encompasses a total square footage of 220,239 and was sold for a price of $39,000,000.00.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $39,000,000.00
• Units: 220,239
• Buyer: LBA Logistics
• Seller: Echo Real Estate Capital
• Sale Date: 02/28/2025
• Market: Waddell, AZ

The buyer, LBA Logistics, and the seller, Echo Real Estate Capital, are the key parties in this transaction. This industrial property sale reflects strategic movements within the market, showcasing the interests of both companies in expanding their assets and operational capabilities.