Deals of the week: Canadian investor buys West Valley warehouse

By Corina Vanek

Reporter, Phoenix Business Journal

Feb 18, 2019, 3:00pm EST

A 418,000-square-foot industrial and warehouse building at 12000 N. 132nd Avenue in Surprise has been sold for $24.1 million.

Northstar Commercial Partners sold the building, located on 32 acres of land, to Dalfen Industrial., a Canadian REIT that has several U.S. offices. Anthony Lydon, Bill Honsaker and Marc Hertzberg of JLL acted as the seller’s exclusive sale and lease listing brokers. “We are pleased with the sale of this property – it is a Class A industrial asset in a stronglocation, and represents a good value,” Brian Watson, chairman and CEO of Northstar, said in a statement. “This transaction represents Northstar’s strength: taking a vacant asset, putting it into productivity and creating jobs and opportunity for the local community.”