Phoenix industrial market hits ‘record levels’ as more deals flow in Article originally posted on Phoenix Business Journal on September 2, 2026 Phoenix continues to rank among the top industrial markets in the nation as industrial vacancy tightens, rent rates increase, net absorption maintains momentum and construction projects increase. The market is “attracting record levels of investor interest and economic development activity,” according to Colliers’ Q2 2026 industrial report, which highlighted Phoenix adding 33,200 new jobs in June and TSMC announcing its $100 billion additional investment into its north Phoenix facility. That momentum can be seen across the Valley through these recent industrial deals: • Local grocery chain Bashas’ Supermarkets bought a warehouse in Surprise for $22.85 million on August 7. It acquired the 167,291 square-foot facility from an entity tracing to Bond Commercial Properties, according to Vizzda. The property is located at the southwest corner of Dysart and Cactus Roads and was built in 2013 on 17.26 acres. It previously sold in 2018 for $15,035,000. Cushman and Wakefield’s Will Strong, Phil Haenel, Foster Bundy and Madeline Warren represented the buyer and the seller. • Logistics Property Company acquired about 76 acres within an industrial development currently underway in Buckeye for $43,280,780 on Aug. 12. The third-party logistics company purchased lots one and three at Paloma Vista Logistics Center, which is located at the northwest corner of Interstate 10 and Perryville Road and currently under development by US Capital Development and Ares Management. According to a brochure, a 395,256 square-foot building and a 831,576 square-foot building are planned on the portion Logistics Property Company recently bought. The industrial park includes two other buildings: one that’s 1,056,353 square feet and another that’s 423,345 square feet. Cushman and Wakefield’s Andy Markham, Phil Haenel, Michael Haenel, Justin Smith, Foster Bundy and Jordan Sims represented the buyer and the seller in the deal. • An advanced manufacturing supplier acquired a recently completed industrial building off Broadway Road and 16th Street in Phoenix on August 13. The firm, L & W Technology, purchased the property for $19.6 million from an entity tracing to USD Inc., according to Vizzda. The 4.63-acre property includes an 88,324 square-foot building with about 9,800 square-feet of office space. L&W Technology, which includes its subsidiaries L&W Machine Co. and L&W Fluid Co., specializes in precision manufacturing for various industries, including semiconductor, aerospace, renewable energy, and defense, according to its webpage. • RDO Equipment Co. purchased about 9 acres within a planned industrial park in Buckeye. The company is a John Deere and Vermeer equipment dealer and supplies heavy machinery along with construction surveying technology tools. It spent $4,705,000 for the property within Buckeye 83 – an industrial development currently underway from Phoenix-based ViaWest off Interstate 10 and State Route 85. Find Complete Article Here: https://www.bizjournals.com/phoenix/news/2026/08/31/industrial-market-record-levels.html