(DECEMBER 23, 2024) i3 has closed on a 188,000 SF manufacturing/distribution Facility in Phoenix Sky Harbor Airport Sub-market, that is 100% leased by BAE Systems. Phoenix is one of the top projected rent growth markets in the nation and is #1 in the nation for manufacturing growth. There is strong demand for this kind of product and there are currently no existing lease opportunities in the 125K - 300K SF size range in Sky Harbor Airport Sub-market. The acquisition was completed in December 2024.