Walmart purchased a newly completed 1.28 million-square-foot logistics building near Luke Air Force Base for $152.2 million, marking it the first tenant at Luke Field, a 140-acre, 2.4 million-square-foot West Valley logistics park developed by Lincoln Property Company.
Key Takeaways
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Record-breaking purchase: Walmart’s $152 million acquisition ranks as the second-largest industrial property sale ever recorded in Phoenix.
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Strategic logistics move: The building’s proximity to major highways underscores Walmart’s continued investment in distribution infrastructure.
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First tenant advantage: By securing Building C at Luke Field, Walmart anchors a newly completed logistics hub positioned for fast regional fulfillment.
