Aligned has acquired land in the Peoria area of Phoenix, Arizona.
BizJournal reports that Aligned this month acquired a property in the Peoria Logistics Park from VanTrust Real Estate for $43.2 million. The company is yet to announce any plans for the site; DCD has reached out for more information.
VanTrust Real Estate is a full-service real estate development company that acquires and develops real estate assets for the Van Tuyl family portfolio. The company has previously sold a property in Las Vegas to Novva Data Centers.
Peoria Logistics Park is a master planned industrial park located at the northwest corner of Northern and 75th Avenues in Maricopa County, offering industrial space ranging from 100,000 to more than 600,000 square feet (9,290-55,740 sqm).
Aligned was represented by Brian Beard of RBR & Associates. Cooper Fratt, John Werstler, and Tanner Ferrandi of CBRE represented the seller.
Aligned operates a 55-acre Phoenix campus at 2500 W Union Hills Drive. Opened in 2017 and expanded in 2018, the site totals 550,000 sq ft (51,095 sqm) and 180MW across three buildings. It also has a separate build-to-suit project on the campus.
CenterSquare, Mubadala, and Macquarie are investors in Aligned. The company currently operates campuses in Chicago, Illinois; Dallas, Texas; Phoenix, Arizona; Salt Lake City, Utah; and Northern Virginia. The company also has sites in development in Oregon, Arizona, Illinois, Ohio, and Virginia.
