INDUS acquires 393,484sf industrial property in Phoenix

INDUS Realty Trust has acquired Phoenix Airport Logistics, a 393,484-square-foot, class A warehouse/distribution building in the Sky Harbor Airport submarket. Located at 3333 South 7th St., the property was 100 percent leased to five tenants at the time of sale.

Cushman & Wakefield’s National Industrial Advisory Group facilitated the transaction as the exclusive real estate brokers.

Built in 2016, the cross-dock distribution center boasts a functional design and top-tier features, including a 36-foot clear height, 96 dock-high doors and 62 trailer parking spaces. Located near downtown Phoenix in the Sky Harbor Airport submarket, it offers quick access to both Interstate 17 and I-10.

“We are excited to enter the Phoenix market, which continues to experience robust economic and population growth,” said Andre Ciani, director of acquisitions for the Phoenix region at INDUS. “This property, with a highly sought-after, infill location in the Sky Harbor Air