Stos Partners has expanded its presence in the Phoenix Metro area with the acquisition of an 82,500 square-foot industrial warehouse featuring cold storage in the Southwest airport submarket of Phoenix.
The property was acquired off market in a joint venture with a high-net-worth family office for $11.1 million, according to CJ Stos, principal at Stos Partners, who explains that the firm is continuously looking for opportunities to grow its portfolio of value-add and core plus industrial assets in the Phoenix area.
“At the beginning of this year, we acquired our first property in the Phoenix Metro area as part of a focused strategy to expand in the region as demand for warehouse space increases,” said Stos, who noted that
