$79M Sale of Mission-Critical Industrial Properties in Metro Phoenix

JLL Capital Markets announced the $79.35 million sale of a two-property industrial portfolio in Metro Phoenix, featuring mission-critical facilities with highly specialized infrastructure and long-term lease commitments.

The portfolio includes AMPlify Chandler, a 196,764-square-foot industrial facility fully occupied by Fortune 100 aerospace and advanced manufacturing leader Honeywell Aerospace, and AMPlify Riverpoint, an 80,309-square-foot aviation maintenance and training facility fully leased to the Aviation Institute of Maintenance.

JLL represented the seller, Phoenix Rising Investments LLC and an affiliate of Blue Vista Capital Management, LLC, in the transaction. Funds managed by Morgan Stanley Real Estate Investing (MSREI) acquired the assets.

Michael Hsiung, co-founder of Phoenix Rising Investments, said 'Over the past seven years, we've transformed this facility into a state-of-the-art advanced manufacturing campus through strategic capital investment and close collaboration with Honeywell.'

The JLL Capital Markets team was led by Senior Managing Directors Ben Geelan and Carl Beardsley, Senior Director Greer Oliver, Associate Bryce Beecher and Senior Analyst Gigi Martin. Local market expertise was provided by JLL's leasing team.