Industrial Income Trust, Inc. purchased the 302,640-square-foot industrial building located at 9704 W. Roosevelt St. in Tolleson, AZ from Prologis Logistics Services, Inc. for approximately $15.16 million, or about $50 per square foot, in an all-cash transaction.
The Tolleson Distribution Center I was built in 1994 on 13.8 acres in the Tolleson Industrial submarket of Maricopa County. The property features 34 loading docks, 30-foot clear heights, and 2,000-amp heavy power.
TJX Cos, the parent company of retailer TJ Maxx, occupies the building on an absolute net lease that commenced January 2012 with a three-year term.
Bob Buckley, Tracy Cartledge, and Steve Lindley of Cassidy Turley BRE Commercial represented the seller, Prologis, and procured the buyer directly before listing the property on the market.
For more information on this transaction, please refer to CoStar COMPS #2492620.