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.

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