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Lowe's warehouse sells in one of Phoenix's priciest deals

Mesa facility is the region's top single-building deal this year
La Costa Capital Partners purchased a 1.2 million-square-foot warehouse occupied by Lowe's for $116 million. The building is part of an industrial master-planned park in Mesa, Arizona. (CoStar)
La Costa Capital Partners purchased a 1.2 million-square-foot warehouse occupied by Lowe's for $116 million. The building is part of an industrial master-planned park in Mesa, Arizona. (CoStar)
CoStar News
June 16, 2026 | 8:09 P.M.

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A top-dollar warehouse deal is the latest sign that Phoenix has become top of mind for industrial real estate investors, as the region enjoys gains from its expanding chipmaking ecosystem.

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