Prologis Sells Its Largest Phoenix Development

Exeter Property Group acquired the 486k SF 5555 W Lower Buckeye Rd for $24M from Prologis, which developed the distribution property in 2013. Colliers International EVP Don MacWilliam tells us that it’s the largest industrial building Prologis has ever built in Phoenix and represented an opportunity for suburban Philly-based Exeter to establish a larger presence in the market. Don, along with colleague Payson MacWilliam, repped both buyer and seller in the deal.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Phoenix Newsletters
Related Stories

Prologis Warns Higher Borrowing Costs Will Slow Industrial Deals, Development

Swedish Real Estate Giant To Buy Stockbridge For Up To $550M

Space Race: How The Private Sector's Orbital Aspirations Are Driving CRE On Earth

Phoenix Apartment Concessions Are Luring Students Away From Campus Housing

Tire Titan Acquires 2M SF Illinois Distribution Facility In Deal For Its Decadelong Home

Wonderful Real Estate Inks Major Land Deals, Sells 1M SF Facility Near Bakersfield

South Florida Developers Pull Back On Industrial Construction

Power Down: Grid Congestion Stalls Dutch Development

Meet The Early Movers In America's $3T Push For Manufacturing Construction

Clarion Hires Prologis Executive To Lead Power Strategy

Logistics Company Buys Land For 1.2M SF Phoenix Industrial Park

DHS Buys 3 More Detention Facilities From The Geo Group For $950M