One of 2022’s priciest industrial sales involved property in Bondurant
Business Record Staff Mar 15, 2023 | 10:00 am
1 min read time
160 wordsAll Latest News, Real Estate and DevelopmentAmazon fullfilment center, Bondurant Iowa, commercial real estate, industrial marketThe sale of property in Bondurant that includes the Amazon AR Sort Fulfillment Center was the third-largest industrial real estate transaction in the U.S. in 2022, according to CommercialSearch.com. In February 2022, Virginia-based Capital Square purchased the property at 500 32nd St. in Bondurant for $326.2 million. The transaction is believed to be the highest sale price recorded in Polk County’s history. The state-of-the-art fulfillment facility, with a gross area of more than 2.69 million square feet, opened in December 2020. According to CommercialSearch.com, the priciest industrial transaction in 2022 involved the $392 million purchase of the LogistiCenter at I-95 in Wilmington, Del. The center is occupied by Amazon. The second-highest industrial transaction involved the $332 million sale of a multistory logistics facility in Brooklyn, N.Y. The 50 biggest industrial sales in 2022 added up to a total of $9.2 billion and were spread across 27 markets in 17 states, according to CommercialSearch.com. To learn more about the top industrial sales, click here.