In July 2019, CenterSquare Value-Added Fund IV and its joint venture partner CapRock Partners acquired Papago Distribution Center, a Class A distribution facility in an infill location within the Southwest submarket of Phoenix. The Property was a functional, 226,436 square foot distribution facility built in 2000 with 30’ clear heights, heavy power, excellent loading, and rail service accessibility. Phoenix has long been a target market for CenterSquare due to the area’s outsized population and employment growth, and its robust infrastructure to accommodate expansion.
