Zenith Industrial Outdoor Storage acquires Phoenix IOS portfolio

PHOENIX, Feb. 10, 2026 – JLL Capital Markets announced today the sale of the Phoenix Infill IOS Portfolio, a collection of eleven industrial outdoor storage properties totaling 280,000 square feet across 39 acres in Phoenix, Arizona.

JLL represented the seller, Hanson Capital, in the transaction. Zenith Industrial Outdoor Storage, in partnership with institutional investors advised by J.P. Morgan Asset Management, acquired the asset.

The portfolio consists of strategically positioned properties throughout Phoenix's most infill submarkets, with all the properties located within seven miles of Sky Harbor International Airport, the ninth busiest airport for travelers in the United States. The properties benefit from superior connectivity to major transportation arteries including Interstate 10, Interstate 17, U.S. Highway 60 and Loop 202, providing seamless access to Western U.S. markets and the broader supply chain network.

Currently 100% leased to numerous tenants under triple-net lease structures, the diverse tenant roster includes companies across construction, logistics, manufacturing and specialty services sectors.

The properties feature coverage ratios averaging 16% across the 39-acre land base. Several facilities include dock-high loading capabilities, substantial electrical power infrastructure and grade-level loading access designed to accommodate the specialized operational requirements of IOS users.

Phoenix continues to attract significant industrial investment driven by its position as America's fifth-largest city and anchor of the nation's 10th-largest metropolitan area with five million residents. The Phoenix industrial market continues to drive institutional investor interest for both warehouses and IOS.

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

"The Phoenix Infill IOS Portfolio offered an opportunity to acquire an unrivalled collection of IOS assets diversified with stabilized leases and staggered rollover, along with immediate mark-to-market potential," said Geelan. "We are proud to have secured this exceptional transaction that provides immediate scale in the emerging IOS asset class within Phoenix's modern infrastructure and superior freeway connectivity that attracts e-commerce, manufacturing and logistics companies." 

Chris Hanson, Founder and CEO of Hanson Capital Group, said, "This portfolio reflects our approach in the Southwest: focus on irreplaceable infill sites, underwrite tenant operations first, and execute with hands on asset management. We appreciate the trust our investors place in us."

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.

For more news, videos and research resources, please visit JLL’s newsroom. 

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. 

Hanson Capital Group is a Scottsdale-based, vertically integrated commercial real estate investment firm founded in 2008 that partners with individual and institutional investors to source, underwrite, acquire, and manage undervalued industrial and other commercial assets across the U.S., particularly in high-growth markets. The firm’s disciplined, metrics-driven approach blends rigorous deal sourcing, conservative underwriting, and hands-on asset management with flexible capital solutions, offering both equity and debt investment opportunities designed to deliver compelling, risk-adjusted returns and long-term wealth creation. With transparency, investor alignment, and direct access to leadership at its core, Hanson Capital Group positions itself as a trusted partner that co-invests alongside clients and unlocks value through thoughtful execution and deep market insight, making sophisticated real estate investing accessible and rewarding.

Zenith Industrial Outdoor Storage is a vertically integrated investment, development and management company focused on the acquisition and operation of institutional-quality industrial outdoor storage assets across the United States. Zenith delivers best-in-class, mission-critical real estate solutions to a wide range of industrial users requiring critical logistic support at various points across the nation’s supply chain. For more information go to www.zenithios.com.