Morgan Stanley Acquires Two Industrial Properties In Phoenix Area For $79.35M

The transaction involves the sale of two industrial properties located at 6505 West Chandler Boulevard and 4025 South 32nd Street, situated in the Chandler and Phoenix markets of Arizona. The properties, identified as AMPlify Chandler and AMPlify Riverpoint, have a combined area of 277,073 square feet and were sold for a total price of $79,350,000, resulting in a price per square foot of $286.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $79,350,000
• Square Footage: 277,073
• Address: 6505 West Chandler Boulevard & 4025 South 32nd Street
• Market: Chandler & Phoenix, AZ
• Buyer: Lauren Hochfelder - Morgan Stanley
• Seller: Peter Stelian - Blue Vista Capital Management
• Brokers: Ben Geelan, Carl Beardsley, Greer Oliver, Bryce Beecher & Virginia Martin - JLL

This acquisition was facilitated by JLL Capital Markets, with a Morgan Stanley Real Estate Investing-managed fund executing the purchase. The properties are fully leased to Honeywell Aerospace and the Aviation Institute of Maintenance, representing the stable income potential of the assets involved in this transaction.