Longpoint Partners acquired a 222,000-square-foot, Class A industrial asset in Tolleson, AZ, in a $36 million transaction. Located at 130 South 83rd Ave, the freestanding single-tenant building is 100% leased to DHL Supply Chain affiliate Exel Inc.
DHL’s client is audio technology giant Bose Corporation. Bose had previously leased the project for approximately 25 years since 1999 before recently assigning the lease to DHL in the summer of 2024.
130 South 83rd Avenue is located near Interstate 10, Loop 202 and Loop 101 and features a 30-foot clear height, abundant dock and grade-level doors, and high-capacity power supply. The site offers direct freeway access.
Will Strong, Molly Hunt, Michael Matchett, Jack Stamets, and Madeline Warren of Cushman & Wakefield’s National Industrial Advisory Group—Mountain West represented the seller in the transaction.
Strong added, “With in-place rents well below market and strong fundamentals driving long-term growth, the property is ideally positioned to capture future upside”.
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