JLL brokers $79.35 million sale of Metro Phoenix industrial portfolio to Morgan Stanley real estate funds

Funds managed by Morgan Stanley Real Estate Investing bought the assets from Phoenix Rising Investments, backed by a Blue Vista Capital Management affiliate.

The portfolio includes a 196,764-square-foot Chandler facility leased to Honeywell Aerospace, supported by a property-dedicated 50MW substation.

It also includes an 80,309-square-foot Phoenix aviation maintenance and training facility leased to the Aviation Institute of Maintenance.

JLL closed the $79.35 million sale of a two-property specialized industrial portfolio in Metro Phoenix.