Jll income property trust acquires phoenix area industrial facility

Chicago , july 31, 2025 /prnewswire/ -- jll income property trust, an institutionally managed, daily nav reit (nasdaq: ziptax; ziptmx; zipiax; zipimx) with approximately $6.5 billion in portfolio equity and debt investments, announced today the acquisition of glendale distribution center, a class a industrial warehouse facility in glendale, az, for the purchase price of approximately $140 million. glendale distribution center totals 1 million square feet and is 100% leased and occupied by a single tenant, a leading global sportswear manufacturer and distributor with a strong credit profile.
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