Longpoint Partners Acquires $36M Warehouse Asset in Tolleson, AZ
Longpoint Partners has acquired a 222,000-square-foot, Class A industrial property in Tolleson, Arizona, for $36 million. The freestanding, single-tenant facility, located at 130 South 83rd Avenue, is fully leased to Exel Inc., an affiliate of DHL Supply Chain.
The building previously served as a distribution center for audio technology leader Bose Corporation, which had leased the asset since 1999. In the summer of 2024, the lease was assigned to DHL, which now manages the facility as part of its logistics operations.
Strategically situated near Interstate 10, Loop 202, and Loop 101, the property offers direct freeway access and features include a 30-foot clear height, multiple dock and grade-level doors, and a high-capacity power supply.
The transaction was brokered by Cushman & Wakefield’s National Industrial Advisory Group—Mountain West. The advisory team included Will Strong, Molly Hunt, Michael Matchett, Jack Stamets, and Madeline Warren, who represented the seller.
“With in-place rents well below market and strong fundamentals driving long-term growth, the property is ideally positioned to capture future upside,” said Will Strong of Cushman & Wakefield.
This acquisition reflects ongoing investor interest in well-located industrial assets with stable tenancy and strong future upside.
