LaSalle acquires Buckeye85, class A industrial building in Phoenix

LaSalle Investment Management, the global real estate investment manager, announced the acquisition of Buckeye85, a core industrial building located in metro Phoenix’s Interstate 10 Corridor. The acquisition was made on behalf of LaSalle Property Fund, the firm’s U.S. core open-end fund.

“We are pleased to add Buckeye85 to our portfolio,” said Jim Garvey, president and portfolio manager at LaSalle Property Fund. “Our conviction in well-located, class A industrial assets remains strong, and we believe this acquisition will continue to support the strong relative performance of the fund.”

The 321,892-square-foot class A building was constructed in 2023 and is fully leased to Tempur-Pedic, a leading manufacturer of mattresses and pillows and a part of Tempur Sealy International. It’s situated on 20 acres at 10333 W. Buckeye Rd., at the southwest corner of 103rd Avenue and Buckeye Road/MC-85 Highway in Phoenix. The property is located two miles from a full-di