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November 10, 2024
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AZ Industrial Portfolio Acquired by Leon Industrial

10/30/24

The Tempe Freestanding Industrial Portfolio, a three-building, 175.7k sf infill industrial portfolio in Tempe, AZ, was acquired by Leon Industrial, a subsidiary of Dallas-based Leon Capital Group. The buildings are each 100% leased to single tenants and are well positioned in Phoenix’s Sky Harbor and Broadway Industrial submarkets, two of the region’s most sought-after industrial areas.

Consisting of three freestanding buildings located at 525 West 21st St (116.5k sf), 1917-1965 West 1st St (33.4k sf), and 1401 South Siesta Lane (25.8k sf), each asset offers immediate access to Phoenix Sky Harbor International Airport and SR-143 and I-10 freeways.

Phil Haenel, Will Strong, Foster Bundy and Katie Repine with Cushman & Wakefield’s Private Capital Group represented the buyer and seller in the transaction. Cushman & Wakefield’s Mike Haenel and Andy Markham also provided leasing advisory.

The Tempe Freestanding Industrial Portfolio represents one of four industrial offerings in the Phoenix Metro that were concurrently sold by the owner, consisting of eight properties totaling 519.8k sf. The Cushman & Wakefield team facilitated the sale of all seven properties in four separate transactions, which closed between August and October 2024.




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