JLL completes $89.8 Million sale of trophy USPS distribution facility in Avondale
United States, Dec. 30 -- JLL Capital Markets announced the $89.8 million sale of Fairway Commerce Center, a 450,260-square-foot state-of-the-art distribution facility in Avondale, Arizona. The trophy asset features a 10-year triple-net lease with the United States Postal Service and represents one of the most significant industrial transactions in the West Valley submarket this year.JLL represented the seller, Westfield Company Inc. and RGA ReCap Incorporated (ReCap Real Estate Investments) on behalf of RGA (NYSE: RGA), in the sale to an institutional investor.Located at 12250 West Corporate Drive, Fairway Commerce Center sits on 26 acres with direct visibility to Interstate 10 and immediate access to major transportation corridors serving...
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