Huge Puma warehouse in West Valley changes hands in $140 million deal

A $140.2 million West Valley warehouse sale marks the largest single-building industrial transaction in the Valley since 2023, according to data from Costar Group.

How big is the Puma warehouse in the West Valley?

The building, which encompasses 1,023,610 square feet at 8900 N. Sarival Ave., is where global sportswear brand Puma houses its regional distribution center, along the Loop 303 corridor in Glendale. The sale closed July 29.

Global giant LaSalle Investment Management, an independent subsidiary of JLL, bought the property from Chicago-based Clarius Partners LLC with $90.2 million down and $50 million in new debt from Thrivent Financial for Lutherans.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.

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