JLL completes $89.8M sale of trophy USPS distribution facility in Avondale

PHOENIX, Dec. 29, 2025 – JLL Capital Markets announced today the $89.8 million sale of Fairway Commerce Center, a 450,260-square-foot state-of-the-art distribution facility in Avondale, Arizona. The trophy asset features a 10-year triple-net lease with the United States Postal Service and represents one of the most significant industrial transactions in the West Valley submarket this year.

JLL represented the seller, Westfield Company Inc. and RGA ReCap Incorporated (ReCap Real Estate Investments) on behalf of RGA (NYSE: RGA), in the sale to an institutional investor.

Located at 12250 West Corporate Drive, Fairway Commerce Center sits on 26 acres with direct visibility to Interstate 10 and immediate access to major transportation corridors serving the Southwest region. The location offers proximity to the Ports of Long Beach and Los Angeles within a 5.5-hour drive, making it strategically valuable for distribution operations serving Western markets.

The cross-dock facility was completed in 2024 and features 40-foot clear heights, 13,800 amps of power, complete climate control, 83 dock-high loading positions and secured truck courts.

USPS has made substantial investments in facility improvements, including a fully automated sorting system with significant processing capacity. The facility operates as one of the postal service's highest-rated locations under the 'Delivering for America' modernization initiative, a nationwide program focused on operational excellence and infrastructure upgrades.

Avondale sits within Maricopa County, which has maintained the number one ranking nationally for population growth over the past decade. The region benefits from a diverse economy anchored by advanced manufacturing, logistics, aerospace and defense sectors.

The JLL Capital Markets team included Senior Managing Director Ben Geelan, Senior Director Greer Oliver, Associate Bryce Beecher and Analyst Gigi Martin.

"Fairway Commerce Center represents the convergence of best-in-class property specifications, an AA-plus credit tenant with extraordinary facility investment and an infill location with Interstate 10 visibility," said Oliver. "With 13,800 amps of power, this facility can support the most advanced manufacturing and distribution operations, positioning it as a critical infrastructure asset for tenants requiring heavy power loads."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500^® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. 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^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Westfield Company, Inc. is a Colorado based investor and developer with deep roots in the Mountain West region. Over the past 30 years, Westfield has developed and acquired in excess of ten million square feet of office, industrial, residential and unique entertainment-based retail. The cornerstone of all Westfield projects is our commitment to enhance and respect the communities in which we work and live.

Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is today one of the world’s largest and most respected reinsurers and remains guided by a powerful purpose: to make financial protection accessible to all. As a global capabilities and solutions leader, RGA empowers partners through bold innovation, relentless execution, and dedicated client focus — all directed toward creating sustainable long-term value.  RGA has approximately $4.3 trillion of life reinsurance in force and total assets of $152.0 billion as of September 30, 2025. To learn more about RGA and its businesses, please visit rgare.com or follow RGA on LinkedIn and Facebook. Investors can learn more at investor.rgare.com.