Key Takeaways
- • LaSalle Investment Management acquired a second large warehouse building in a Glendale business park, leased to a major retail tenant, according to The Business Journals.
- • The transaction is described as the second-largest single-building industrial deal in 2026 to date in the West Valley market.
- • The source does not disclose the purchase price, seller identity, square footage, or the retail tenant's name.
Summary
LaSalle Investment Management has completed the purchase of a warehouse building in a business park in Glendale, Arizona's West Valley, according to The Business Journals. The investment firm acquired a second large building at the park that is leased to a major retail tenant, a transaction the publication characterizes as the second-largest single-building deal in the region so far in 2026.
The report does not disclose the purchase price, the seller, the building's square footage, or the identity of the retail tenant. Because the source is a brief summary, further details on lease terms and the property's valuation are not available in the reporting reviewed.
The acquisition reflects continued institutional interest in West Valley logistics and warehouse assets leased to large national retailers, a segment that has drawn real estate capital given its long-term tenant demand. The deal is notable for the second building acquired by LaSalle at the same park, indicating a multi-asset position in the submarket.
The report does not disclose the purchase price, the seller, the building's square footage, or the identity of the retail tenant. Because the source is a brief summary, further details on lease terms and the property's valuation are not available in the reporting reviewed.
The acquisition reflects continued institutional interest in West Valley logistics and warehouse assets leased to large national retailers, a segment that has drawn real estate capital given its long-term tenant demand. The deal is notable for the second building acquired by LaSalle at the same park, indicating a multi-asset position in the submarket.
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