Walton Street Capital, ViaWest Group acquires large industrial portfolio in Phoenix metro
Walton Street Capital and ViaWest Group have acquired an infill Phoenix industrial portfolio that includes six industrial buildings totaling 586,915 square feet in the Phoenix metro.
The portfolio is currently 100 percent leased. Among the properties acquired are four industrial buildings in Tempe: 6718 S. Harl Ave. (149,755 square feet), 9160 S. McKemy St. (106,152 square feet), 9185 S. Farmer Ave. (47,165 square feet) and 9245 S. Farmer Ave. (47,165 square feet). Additionally, the portfolio includes an industrial building in the Scottsdale Airpark at 7400 E. Tierra Buena Lane (66,053 square feet) and one in the Southwest Valley at 125 N. 67th Ave. (170,625 square feet).
“We are excited to grow our industrial portfolio with such high-quality infill product — we find this segment of the market particularly attractive given the supply-and-demand dynamics in these strategic micro locations,” said Danny Swancey, partner at ViaWest Group.