Huge Puma warehouse in West Valley changes hands in $140 million deal

Article originally posted on Phoenix Business Journal on August 4, 2025

A $140.2 million West Valley warehouse sale marks the largest single-building industrial transaction in the Valley since 2023, according to data from Costar Group.

The building, which encompasses 1,023,610 square feet at 8900 N. Sarival Ave., is where global sportswear brand Puma houses its regional distribution center, along the Loop 303 corridor in Glendale. The sale closed July 29.

Global giant LaSalle Investment Management, an independent subsidiary of JLL, bought the property from Chicago-based Clarius Partners LLC with $90.2 million down and $50 million in new debt from Thrivent Financial for Lutherans.

Cushman and Wakefield’s Will Strong, Molly Hunt, Jack Stamets, Michael Matchett and Madeline Warren represented both the buyer and the seller.

The highly automated warehouse that went into operation in 2024 features 3.5 miles of conveyer, automatic retrieval and storage systems and a new cubing process for packaging optimization. Puma signed a 15-year lease for the facility about three years ago.

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