Hensley sells off 24-acre Phoenix Infill parcel to PRG with plans to develop a two-building, spec, Class A, 418K SF warehouse development

12/17/2024

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Connect CRE

• Subcategory: Industrial: Warehouse, Land: Commercial

• Tag: New Construction | Sale

• Additional Filters-Subcategory: Industrial: Spec, Land: Industrial

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

Pritzker Realty (PRG) bought 24 acres of infill land in Phoenix for $16.5 million. Hensley Beverage Group was the seller. The vacant site, which had no future operational use for Hensley Beverage, will serve as the foundation for PRG’s first speculative industrial development in the Phoenix metropolitan area. PRG’s plans include the development of two Class A, speculative warehouses totaling 418,000 square feet.