Southwest Industrial Center, Phoenix

December 19, 2016 Comments Off on Hines Strikes $47M Deal with Hillwood for Industrial Center Views: 368 Arizona, Dallas-Fort Worth, Houston-Galveston, National News, Southwest, Texas, Texas News

Hines Strikes $47M Deal with Hillwood for Industrial Center

Hines, headquartered in Houston, came to an agreement with Dallas-based Hillwood Property Trust, to acquire the 684,000-square-foot Southwest Industrial Center at 7775 W. Buckeye Rd. in Phoenix. Hines paid $47.3 million for the asset.

In addition to the building, of which 35% is leased to AmerisourceBergen, the transaction came with an adjacent parcel that could hold up to an additional 567,000 square feet. The transaction is Hines’ second logistics investment in Phoenix. The company is “aggressively targeting tenants of up to 455,000 square feet in the existing building,” according to Hines’ Charlie Meyer.

Tony Lydon and Marc Herzberg with JLL have the leasing assignment.

Read More at Hines

Connect with JLL’s Lydon

Connect with JLL’s Hertzberg

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