Walmart’s $152M deal signals Arizona’s logistics real estate boom

Walmart’s $152 million purchase of a massive warehouse complex in Glendale is emerging as a big trend for Arizona’s fast-growing commercial logistics real estate market, underscoring the state’s evolution into a key distribution hub for the U.S. Southwest. The retail giant recently acquired a newly completed, 2.4 million-square-foot, three-building industrial campus — the second-largest industrial property sale in metro Phoenix history — in an off-market transaction that highlights surging demand for larg ...