IndiCap And Invesco Sell 566121 Square Foot Industrial Building In Glendale Arizona For $90.6M

An industrial building located at the intersection of West Olive Avenue and North Reems Road in Glendale, AZ, has been sold for $90,579,360. The property spans 566,121 square feet, which translates to a price per square foot of approximately $160. The building is situated within Glendale’s Virgin Industrial Park, an area known for its high demand in the industrial sector.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $90,579,360
• Square Footage: 566,121
• Price per Square Foot: $160
• Seller: IndiCap & Invesco
• Market: Glendale, AZ
• Sale Date: 01/21/2026

IndiCap and Invesco effectively executed their business strategy by selling this industrial asset in a competitive market. The transaction highlights the ongoing activity in the West Valley region’s industrial property sector.