JLL Brokers Sale of 19-Building Industrial Portfolio
The seller was Moxie Bridge. The Buyer was Arden Logistics Parks. Stephen Bailey led the JLL team who represented the seller.
The portfolio comprised 764,156 square feet. It ran the gamut from small light industrial buildings to mid-range ones. The suite sizes ranged from 4,600 square feet to 75,000 square feet, with clear heights ranging from 16 to 32 feet. The portfolios 19 buildings are 96% leased to 29 different tenants with an average remaining lease of 4.3 years.
The properties are widely dispersed across seven infill, established industrial submarkets, providing geographic diversification.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.