Stos Partners has acquired its first property in the Phoenix Metro area with the acquisition of a 227,000-square-foot, single-tenant industrial asset in Tolleson, Ariz. The property was acquired off-market from a private seller for $16.35 million.
“Our ability to close in less than 30 days amidst the challenges of the pandemic is demonstrative of our deep expertise as an owner. This acquisition represents our entrance into the Phoenix Metro market as part of a focused strategy to expand in the region. We anticipate this being the first of a number of future acquisitions in the area,” said CJ Stos, principal at Stos Partners.
The property is 100 percent occupied and located in one of the most in-demand and fastest-growing industrial submarkets in southwest Phoenix.
“Tolleson has quickly emerged as the preferred infill destination for large distribution and manufacturing tenants in the region,” said Jason Richards, partner with Stos Partners. “This mad
