Sneak Peek: Landmark Sale of Amazon-Leased Warehouse in Glendale
The Cubes Building B, which is fully leased to Amazon, has sold for what could be the highest industrial sale in 2024 in the Valley.

Sneak Peek: Landmark Sale of Amazon-Leased Warehouse in Glendale

We're excited to share some exclusive insights into a major real estate transaction in the Phoenix metro area. A massive 1.2 million-square-foot warehouse, fully leased to 亚马逊 , has been sold for a record-breaking $128.1 million, making it the largest industrial transaction in the region this year.

Key Highlights:

  • Buyer: BlackRock Realty Advisors Inc.
  • Seller: CRG (Chicago-based developer)
  • Location: The Cubes at Glendale, 15301 W. Northern Ave, Glendale, AZ
  • Sale Price: $128.1 million (all-cash deal)

This state-of-the-art facility is a crucial logistics hub for 亚马逊 , highlighting the strong demand for industrial space in Phoenix.

Market Context:

The sale underscores the ongoing demand for prime industrial properties driven by e-commerce growth.

For a comprehensive look at this landmark deal and its implications for the Phoenix industrial real estate market, we encourage you to read the full article by Audrey Jensen at the Phoenix Business Journal . This detailed piece provides expert insights into the sale and broader market trends.

Read the full article in the Phoenix Business Journal here.

Acknowledgments:

Stay tuned for more updates and insights on the Phoenix industrial market!

For additional context, feel free to revisit my previous article on 亚马逊 's expanding footprint in Phoenix here.

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