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“Industrial Portfolio in Phoenix Region Sells for $74 Million”

"Industrial Portfolio in Phoenix Region Sells for $74 Million"

Longpoint Partners recently made its first foray into the Greater Phoenix market with the acquisition of two industrial properties. The first property, Midway Commerce Center in Chandler, AZ, is a Class A three-building portfolio spanning 301,994 square feet and was purchased for $74 million. The second property is a single industrial building located in Gilbert, AZ that spans 68,790 square feet.

According to Dwight Angelini of Longpoint Partners: “These properties are strategically located and present an excellent opportunity for value-add investment in a highly sought-after logistics market with limited supply.”

Midway Commerce Center boasts modern features such as 32-foot clear heights and secured truck courts. It also offers convenient access to major highways including Loop 202 and I-10.

The freestanding industrial property in Gilbert at 1503 West San Pedro Street has similar amenities including LED lighting and rear loading capabilities. It also includes a rare feature – a secured block-fenced concrete yard spanning over an acre – making it an attractive asset for potential tenants looking for additional space.

Both properties offer easy access to major transportation routes such as Route 60 and Loop 101. With these acquisitions marking their entrance into the Phoenix area market, Longpoint Partners looks forward to expanding their presence further within this thriving region.

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