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JLL buys Phoenix, Ariz., industrial distribution center for $31M

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JLL buys Phoenix, Ariz., industrial distribution center for $31M

Jones Lang LaSalle Income Property Trust Inc. purchased Chandler Distribution Center, an industrial asset, for $31 million.

The 211,000-square-foot property in the Southeast submarket of Phoenix, Ariz., includes two newly developed Class A warehouses and is 97% leased.