A nine-building, 1.1-million-square-foot portfolio of infill light-industrial assets aggregated across three transactions in supply-constrained urban submarkets.
Urban infill light industrial benefits from last-mile logistics demand while facing structural supply decline as land converts to higher uses.
Aggregate sub-institutional assets into an institutional-scale portfolio, professionalize management, and capture the portfolio premium at exit.
Phoenix infill industrial vacancy remains below 5% as semiconductor-driven supplier demand compounds traditional last-mile tenancy.
Rolled 62% of legacy leases to market, implemented common-area capital program, and unified the portfolio under a single management platform.
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Q3 2019
Initial Acquisition
Closed first four-building tranche.
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Q2 2023
Portfolio Completion
Final tranche closed, reaching 1.1M SF.
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Q1 2025
Leasing Milestone
Achieved 96% portfolio occupancy at market rents.