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Baron Picks Up 7-Property SW USA Warehouse Portfolio
Piercey Realty Ventures has spun off a seven-property industrial portfolio with assets in Phoenix and one in Las Vegas. The portfolio totaled 426,000 square feet. Baron Properties was the buyer.
Commercial Edge reports that the assets feature flexible configurations geared toward small- to mid-bay users and infill locations with access to regional freight corridors. The portfolio is fully leased. Its tenant roster includes a mix of 11 regional and national occupiers.
The largest of the Arizona properties is 1020-1030 East University Drive, which measures 104,876 square feet on 5.26 acres.
Cushman & Wakefield’s team of Will Strong, Molly Miller, Jack Stamets, Michael Matchett and Madeline Warren arranged the transaction and represented both the buyer and seller. Piercey Realty Ventures was also represented by Lee & Associates’ Phoenix team of Ken McQueen, Chris McClurg, Blake Peters and Jack Sims, as well as Cushman & Wakefield’s Jason Griffis and Alma Cuevas in Nevada.
- ◦Sale/Acquisition

