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Phoenix industrial building leased to Amazon grabs big purchase price

Deal for Buckeye property is region’s second-largest of past year

A newly built logistics property in the western Phoenix suburb of Buckeye, Arizona, sold for more than $118 million. (CoStar)
A newly built logistics property in the western Phoenix suburb of Buckeye, Arizona, sold for more than $118 million. (CoStar)

A newly constructed logistics building leased by Amazon changed hands in one of the Phoenix region’s largest industrial deals of the past year, underscoring continued high demand in that property category.

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