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Walmart is the Glendale tenant moving in after record $186M deal

Estimated revenues to city double from original figures

Walmart will be the tenant behind the biggest industrial deal in Arizona history, in Glendale.

Glendale city manager Kevin Phelps announced Oct. 12 at the City Council’s afternoon workshop that Walmart is the new tenant behind the $186 million deal in September that Real Estate Daily News called the highest single-building industrial sale price in Arizona history.

Phoenix-based developer LPC (Lincoln Property Company) Desert West completed the sale of the 1.25 million-square-foot Park 303 Phase I in Glendale to BentallGreenOak, a global real estate investment management advisor and real estate services provider.

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