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Phoenix & Southwest  + Industrial  | 

Hines Strikes $47M Deal with Hillwood for Industrial Center

Hines, headquartered in Houston, came to an agreement with Dallas-based Hillwood Property Trust, to acquire the 684,000-square-foot Southwest Industrial Center at 7775 W. Buckeye Rd. in Phoenix. Hines paid $47.3 million for the asset.

In addition to the building, of which 35% is leased to AmerisourceBergen, the transaction came with an adjacent parcel that could hold up to an additional 567,000 square feet. The transaction is Hines’ second logistics investment in Phoenix. The company is “aggressively targeting tenants of up to 455,000 square feet in the existing building,” according to Hines’ Charlie Meyer.

Tony Lydon and Marc Herzberg with JLL have the leasing assignment.

For comments, questions or concerns, please contact Amy Sorter


Inside The Story

Read More at HinesConnect with JLL's LydonConnect with JLL's Hertzberg

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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