Walton Street Capital JV buys Phoenix-area industrial building

A partnership between an affiliate of Walton Street Capital and Greenlaw Partners has acquired a 164,486-square-foot, state-of-the-art manufacturing and distribution facility at 2550 N. Nevada St. in the Phoenix-area suburb of Chandler, Ariz. A sales price was not disclosed.

The seller was Globe Corp., which acquired the property in June 2012.

Globe Corp. had been leasing it to IO Data/Baselayer but terminated the lease prior to closing.

 Situated on 16.5 acres, 2550 N. Nevada St. is in Chandler, a community 22 miles southeast of downtown Phoenix. The property has access to Interstate 60 and the Loop 101 and 202 Freeway, allowing tenants to reach more than 500,000 residents within a 15-minute drive. Completed in 2005, the two-story, climate-controlled building features a 30-foot clear height, nearly 25,000