November 29, 2018 Comments Off on Opus Divests Goodyear Crossing DC for $43M Views: 2585 Arizona, National News, Southwest

Opus Divests Goodyear Crossing DC for $43M

Minneapolis-based Opus Development Company, LLC sold Goodyear Crossing Phase one, a newly-completed warehouse distribution facility in Goodyear, AZ for $42.7 million. The fully-occupied property, located at 16811 West Commerce Dr., was acquired by LXP Manager Corp.

Completed in November 2017, the West Valley asset is 100% leased and occupied by Blue Buffalo, a natural pet food distributor that is a subsidiary of General Mills Corp.

JLL’s Bo Mills, Mark Detmer and Ryan Sitov, along with Marc Hertzberg, Anthony Lydon and Pat Harlan, advised the seller.

“This newly-built, state-of-the-art facility was attractive to the institutional investment community because of its very high standard of design and construction, and solid credit tenancy,” said Mills.

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