Italian Food Distributor Buys Logistics Center In West Phoenix
Greco & Sons Inc., a national food distributor that specializes in Italian foods, acquired the 368k SF Santa Fe Logistics Center at 4450 North 45th Ave. in West Phoenix for $22.4M. The seller was the locally based Tratt Properties.
The LEED-certified distribution facility features 32-foot clear height and industrial-grade lighting, insulation and safety features. The facility includes a 112k SF section leased to Hensley, a local Budweiser distributor. Greco intends to occupy 130k SF immediately and to make the remaining space available for lease. The company's long-term intent is to grow into the other spaces as leases expire.
Pat Feeney, Daniel Calihan and Rusty Kennedy with CBRE’s Phoenix office repped the seller. JLL's Tony Lydon repped the buyer.
