JLL Income Snags 211K-SF Former Metro Chandler Airport Center

JLL Income Property Trust acquired the 211,000-square-foot Metro Chandler Airport Center, a Class A industrial asset in Chandler, AZ. The purchase price was $31 million, and the new owner has rebranded the property at 1725 and 1825 E. Germann Rd. as Chandler Distribution Center.

The seller was not disclosed due to a confidentiality agreement. Public records list the previous owner as Meritex Enterprises Inc., developer of the 21-acre project.

The property consists of two Class A warehouses, designed to accommodate a wide range of tenants, such as those seeking space less than 35,000 square feet. The property’s occupancy is 97%.

“We are pleased to add this high-quality industrial asset to our portfolio, as we increase exposure to core assets located in close proximity to irreplaceable transportation infrastructure,” said Allan Swaringen with JLL Income Property Trust.

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