INDUS Realty Trust Acquires 418,000 Square Foot Warehouse In Tolleson Arizona With Brokers Cushman & Wakefield

The property involved in this transaction is a fully leased Class A cross-dock warehouse located at 670 South 91st Avenue, Tolleson, Arizona. This industrial asset spans 418,000 square feet. It is part of INDUS Realty Trust's efforts to expand their Phoenix industrial portfolio, which now totals more than 1.5 million square feet. Financial terms were not disclosed, but the property was acquired below replacement cost and is anticipated to offer rent-growth potential due to below-market in-place rents, its location with I-10 access, and limited industrial supply in the area.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 670 South 91st Avenue
• Market: Tolleson, AZ
• Asset Size: 418,000 square feet
• Buyer: Michael Gamzon - INDUS Realty Trust, Inc.
• Brokerage: Will Strong, Jack Stamets, Molly Miller Hunt, Michael Matchett & Madeline Warren - Cushman & Wakefield

The transaction was facilitated by a team of brokers from Cushman & Wakefield, which included Will Strong, Jack Stamets, Molly Miller Hunt, Michael Matchett, and Madeline Warren. Their involvement was crucial in supporting INDUS Realty Trust in this strategic acquisition aimed at enhancing the company's industrial footprint in the Phoenix market.