A recently completed 26-acre industrial property along Northrop Boulevard, north of Chandler Municipal Airport, has been sold, according to a news release.

The infill project was sold and developed by U.S. Capital Development and an undisclosed joint venture partner. It has 402,487 square feet of buildings that were completed in 2023.

Three of the buildings are 100% leased to two tenants, bringing the total project occupancy to 57.3%. The tenants are MEI Rigging and Crating, occupying buildings A and B, and Wedgewood Pet Pharmacy, occupying building C.

There is one 172,000-square-foot vacant building currently available for lease.

The property was acquired by an undisclosed “global private equity firm,” according to a news release. The sale price also wasn’t disclosed.

The property is also only a few miles from Intel’s expanding Ocotillo campus chip manufacturing facility.

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