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Industrial Property Sale Among Largest of Past Year in Phoenix Region

Deal for Glendale Distribution Building Comes as Strong Demand Sees Signs of Slowdown
A warehouse building with tenants including two furniture-related companies changed hands in the western Phoenix suburb of Glendale, Arizona. (CoStar)
A warehouse building with tenants including two furniture-related companies changed hands in the western Phoenix suburb of Glendale, Arizona. (CoStar)
CoStar News
July 20, 2023 | 8:24 P.M.

A suburban distribution property sale topping $100 million is among the Phoenix region’s largest industrial deals of the past year, as demand moderates from levels seen at the height of the pandemic.

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