JLL closes $79.35M sale of specialized industrial properties in Metro Phoenix

PHOENIX, Aug. 10, 2026 – JLL Capital Markets announced today the $79.35 million sale of a two-property industrial portfolio in Metro Phoenix featuring mission-critical facilities with highly specialized infrastructure and long-term lease commitments.

The portfolio includes AMPlify Chandler, a 196,764-square-foot industrial facility fully occupied by Fortune 100 aerospace and advanced manufacturing leader Honeywell Aerospace, and AMPlify Riverpoint, an 80,309-square-foot aviation maintenance and training facility fully leased to the Aviation Institute of Maintenance.

JLL represented the seller, Phoenix Rising Investments LLC and an affiliate of Blue Vista Capital Management, LLC, in the transaction. Funds managed by Morgan Stanley Real Estate Investing (MSREI) acquired the assets.

AMPlify Chandler at 6505 W. Chandler Blvd. is located less than a mile from Interstate 10 and Loop 202 interchange in Chandler. Originally built in 1981, the property was renovated in 2025 with a new approximately 40,000-square-foot expansion building specifically designed to meet Honeywell's operational requirements. The facility features an on-site, fully owned and property-dedicated 50MW substation, positioning it as a heavy-infrastructure industrial asset capable of supporting advanced manufacturing operations.

AMPlify Riverpoint at 4025 S. 32nd St. in Phoenix includes two aircraft hangars housing seven training aircraft, along with technical labs, a composite shop and specialized industrial space. The property features prominent I-10 freeway frontage adjacent to the completed Broadway Curve Improvement Project and is positioned at the center of a growing aviation and technical employment hub near Phoenix Sky Harbor International Airport.

"Over the past seven years, we've transformed this facility into a state-of-the-art advanced manufacturing campus through strategic capital investment and close collaboration with Honeywell," said Michael Hsiung, co-founder of Phoenix Rising Investments. "With Honeywell's long-term lease commitment extending beyond 2030, we're confident this asset will continue to serve as a critical manufacturing hub under MSREI's stewardship."

The JLL Capital Markets team was led by Senior Managing Directors Ben Geelan and Carl Beardsley, Senior Director Greer Oliver, Associate Bryce Beecher and Senior Analyst Gigi Martin. Local market expertise was provided by JLL's leasing team, led by Vice Chairman Steve Larsen, Managing Director Jason Moore and Senior Managing Directors Pat Harlan and Kyle Westfall.

"Phoenix is still in the early innings of a structural demand cycle that will reshape how capital evaluates industrial assets across the Southwest," Geelan said. "Manufacturing tenants are making site selection decisions based on power availability and specialized configurations rather than just freeway access, and investors who recognize this transition early will benefit from long-term fundamentals that extend well beyond traditional distribution-focused underwriting."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Founded in 2011, Phoenix Rising Investments, LLC (“PRI”) develops, leases, owns, and manages commercial properties in the greater Phoenix metropolitan area. To date PRI has acquired, (re)developed or is in the process of developing 8 projects covering 900,000 square feet. PRI prides itself on being conceptually creative with a highly analytical and relationship driven approach to each project’s execution that results in exceptional returns on investment while making lasting positive imprints on the communities where each project is located.

Founded in 2002, Blue Vista is a real estate investment firm that sponsors niche-focused private fund and separate account strategies on behalf of institutional investors, including public and private pension funds, endowments and foundations, sovereign wealth funds, insurance companies, corporations and family offices. Since inception, Blue Vista has invested $15.0 billion in total capitalized value as of March 31, 2026.

Morgan Stanley Real Estate Investing is the global private real estate investment management business of Morgan Stanley. One of the most active property investors in the world for over three decades, MSREI employs a patient, disciplined approach through global value-add / opportunistic and regional core / core-plus real estate investment strategies. With 17 offices throughout the U.S., Europe and Asia, regional teams of dedicated real estate professionals combine a unique global perspective with local presence and significant transaction execution expertise. MSREI currently manages $58 billion of gross real estate assets worldwide on behalf of its clients.