West Valley industrial buildings sold for $117M as Phoenix market shows signs of recovery

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

Three mid-sized industrial buildings in the West Valley traded hands from Link Logistics to an entity connected to INDUS Realty Trust, in a deal totaling $116.7 million.

The first building, located at 4 S. 84th Ave. in Tolleson, is a 232,922-square-foot manufacturing facility built in 1989. It includes 10 rail-loading doors and 60 dock doors, and sold for $35,637,057. It previously sold in 2015 for $18 million.

The next property, Tolleson Commerce Park II, is right across the street, at 5 S. 84th Ave. in Tolleson. The 217,422-square-foot building was built in 1999 and sold to INDUS for $40,223,070. It previously sold in 2018 for $13.4 million.

The third property is located at 10397 W. Van Buren St. The 278,100-square-foot warehouse was built in 1997. It sold for $40,839,873. Previously, it sold in 2015 for $13,324,043.

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