{"id":1004770971,"date":"2025-09-10T03:28:05","date_gmt":"2025-09-10T11:28:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004770971"},"modified":"2025-09-10T03:28:07","modified_gmt":"2025-09-10T11:28:07","slug":"indus-buys-phoenix-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/indus-buys-phoenix-industrial-portfolio\/","title":{"rendered":"INDUS Buys Phoenix Industrial Portfolio"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6aa002abbe10f&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004770968\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/indus_phoenix_original\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Indus_Phoenix_Original.jpg\" data-orig-size=\"2048,1151\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Indus_Phoenix_Original\" data-image-description=\"&lt;p&gt;Uncropped for article page. Description: Image came from press release: https:\/\/www.businesswire.com\/news\/home\/20250909867434\/en\/INDUS-Realty-Trust-Announces-Acquisition-of-731571-Square-Foot-Industrial-Portfolio-in-Phoenix &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The three industrial facilities in Indus Realty Trust\u2019s portfolio purchase total more than 731,000 square feet. Image courtesy of Indus Realty Trust.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Indus_Phoenix_Original.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"576\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Indus_Phoenix_Original.jpg?w=1024\" alt=\"A photo of one of the properties included in Indus Realty Trust\u2019s industrial portfolio acquisition.\" class=\"wp-image-1004770968\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Indus_Phoenix_Original.jpg 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Indus_Phoenix_Original.jpg?resize=300,169 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Indus_Phoenix_Original.jpg?resize=768,432 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Indus_Phoenix_Original.jpg?resize=1024,576 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Indus_Phoenix_Original.jpg?resize=1536,863 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The three industrial facilities in Indus Realty Trust\u2019s portfolio purchase total more than 731,000 square feet. <em>Image courtesy of Indus Realty Trust.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>INDUS Realty Trust has purchased a portfolio of three industrial facilities totaling 731,571 square feet in Tolleson, Ariz., part of the Phoenix metro area. <\/p>\n\n\n\n<p>The firm paid previous owner Link Logistics about $116.7 million for the assets, according to Yardi Research Data.<\/p>\n\n\n\n<p>Cushman &amp; Wakefield\u2019s Will Strong, executive vice chair, and Molly Hunt, director, brokered the sale.<\/p>\n\n\n\n<p>According to Yardi Research Data, the three buildings included in the sale are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Mission Business Park<\/li>\n\n\n\n<li>Tolleson Commerce Park II<\/li>\n\n\n\n<li>10397 W. Van Buren St.<\/li>\n<\/ul>\n\n\n\n<p>The same source also reports a mix of ages for the buildings, with Mission Business Park having been completed in 1989, 10397 W. Van Buren St. in 1997 and Tolleson Commerce Park II in 1999. Link Logistics purchased the sites from DigitalBridge in a larger portfolio sale in 2019.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-absorption-to-stay-positive-but-for-how-long\/\">Industrial Absorption to Stay Positive, but for How Long?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>All assets in the portfolio are fully leased and include 30-foot clear heights with rail access. Mission Park and Tolleson Commerce Park II are located next to each other at 4 and 5 South 84th Ave., with 10397 West Van Buren St. about 3 miles away.<\/p>\n\n\n\n<p>The industrial properties all provide close access to Interstate 10 and are within 15 miles of downtown Phoenix.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-phoenix-industrial-market-remains-strong\">Phoenix industrial market remains strong<\/h2>\n\n\n\n<p>Phoenix\u2019s industrial market saw nearly $932 million in industrial sales this year through May, according to <a href=\"https:\/\/www.commercialsearch.com\/news\/phoenixs-industrial-market-sees-slower-deliveries-strong-starts\/\">Yardi research data<\/a>, with the area seeing an average price of $198.30 per square foot\u2014the third-highest figure in the country. In April, <a href=\"https:\/\/www.commercialsearch.com\/news\/bkm-grows-phoenix-footprint-with-157m-buy\/\">BKM Capital Partners acquired<\/a> another three-building portfolio in the area totaling 778,000 square feet for $156.8 million.<\/p>\n\n\n\n<p>While industrial completions slowed this year, development in Phoenix accelerated with 16.8 million square feet underway <a href=\"https:\/\/www.commercialsearch.com\/news\/top-5-metros-for-industrial-deliveries-h1-2025\/\">as of June<\/a>. That\u2019s more than double the amount of space in the pipeline compared to the same time last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The assets last traded in 2019.<\/p>\n","protected":false},"author":3810,"featured_media":1004770969,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,1601,15],"tags":[32799,51895,51531],"class_list":["post-1004770971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-phoenix","category-west","tag-cushman-wakefield","tag-indus","tag-link-logistics"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>INDUS Buys Phoenix Industrial Portfolio - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"INDUS Realty Trust has purchased a portfolio of three industrial facilities totaling 731,571 square feet in Tolleson, Ariz.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/indus-buys-phoenix-industrial-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INDUS Buys Phoenix Industrial Portfolio\" \/>\n<meta property=\"og:description\" content=\"INDUS Realty Trust has purchased a portfolio of three industrial facilities totaling 731,571 square feet in Tolleson, Ariz.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/indus-buys-phoenix-industrial-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-10T11:28:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-10T11:28:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Indus_Phoenix_Cropped.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Matthew Kaufman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/indus-buys-phoenix-industrial-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/indus-buys-phoenix-industrial-portfolio\\\/\"},\"author\":{\"name\":\"Matthew Kaufman\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/63cac94132ceff8b31d189996459d345\"},\"headline\":\"INDUS Buys Phoenix Industrial Portfolio\",\"datePublished\":\"2025-09-10T11:28:05+00:00\",\"dateModified\":\"2025-09-10T11:28:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/indus-buys-phoenix-industrial-portfolio\\\/\"},\"wordCount\":315,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/indus-buys-phoenix-industrial-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2025\\\/09\\\/Indus_Phoenix_Cropped.jpg\",\"keywords\":[\"Cushman &amp; 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