Two-State Industrial Portfolio Commands $40M

BPP Pacific sold the assets located across Arizona and Colorado in a deal facilitated by JLL. The properties are 92 percent leased to 17 tenants.

Artis REIT has acquired a nine-building industrial portfolio in Colorado and Arizona, from BPP Pacific, for $40 million.

The 379,487-square-foot portfolio is spread out across three industrial parks— Rocky Mountain Business Center, located in Aurora, Colo.; and Roosevelt Commons and Superstition Springs in Tempe and Mesa, Ariz., respectively.

JLL’s capital markets team represented the seller in the transaction…

Two-State Industrial Portfolio Commands $40M

Categories : Finance

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