LaSalle Pays $109M for W. Phoenix Warehouse
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Phoenix is at the front of the Sun Belt multifamily rent-growth recovery and continues to absorb large-format industrial along the I-10 corridor. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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On the RET wire
- The fifth Phoenix story tracked on the wire in November 2026. All Phoenix coverage →
- Disclosed industrial deal value tracked in November 2026: $409M across 6 reported transactions. All Industrial coverage →
- 10 stories mentioning LaSalle on the wire in the past 90 days. LaSalle coverage →
Computed from Real Estate Trail’s own tracked coverage
LaSalle Investment Management , the investment company associated with JLL, paid $109 million for a 734,000-square-foot warehouse in Glendale. Building B at 303 Crossroads was sold by Clarius Partners, which developed…
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