Papago distribution center
CapRock partner and an unnamed institutional customer have teamed up to acquire the Papago Distribution Center in Phoenix. The partnership acquired the property from a global asset manager at an undisclosed price.
The Papago Distribution Center is a 226,446 square meter distribution center in Phoenix. It is 100% occupied by Updike Distribution Logistics. This purchase brings the company's Phoenix portfolio to 340,000 square feet.
estate agents Bo Mills and Mark Detmer at the JLL represented CapRock on the acquisition of the Papago Distribution Center.