CapRock Partners has acquired a newly constructed industrial building located at 4615 W. McDowell Road in Phoenix.
This acquisition comes on the heels of CapRock’s purchase of 7200 W. Roosevelt St., a 216,880-square-foot class A property located five miles west of the McDowell property, and brings CapRock’s Phoenix footprint to more than 1 million square feet of industrial space, with the firm already in escrow to acquire several additional properties in the Phoenix metro area.
“CapRock’s strategy to expand its foothold in the Phoenix market has not been curbed by COVID-19; in fact, we’re seeing new industrial demand drivers emerging as a result of this pandemic, including a spike in e-commerce, retailers increasing their stockpiles, and companies eyeing nearshoring and onshoring to mitigate supply chain risk and disruptions,” said Bob O’Neill, senior vice president, acquisitions, of CapRock Partners. “We are seeing tenant interest ramping up in Phoenix
