Chemical Strategies Inc. has acquired 10 acres of land for $2.4 million in Central Arizona Commerce Park, Casa Grande. The company plans to develop a chemical distribution and third-party logistics facility costing between $10 million and $14 million, with an expected opening in mid-2024. The new distribution center joins 15 other semiconductor-related projects in the region.

Kohlberg Kravis Roberts & Co. has acquired a 1.3 million sq ft industrial park in Arizona for $165 million. Cushman & Wakefield advised US Capital Development in the sale of a 599.5K sq ft industrial building in Glendale for $81.7 million. Ivanhoe Electric purchased 5,975 acres for its Santa Cruz Copper Project for $34.3 million. Christ Church Gilbert bought a church and commercial buildings for $24 million. NAI Horizon facilitated the sale of a 26.7K sq ft office building for $4.5 million. The Niki Group acquired a 99 Cents Only store for $3.13 million. 29th Street Capital bought a 124-unit apartment complex in Tempe, with no price disclosed. In lease transactions, Tempur-Pedic signed a full-building pre-lease at Buckeye85, Engineered Foam Packaging Corp. leased Building A at Confluence Industrial Park, and Picklemall leased 104K sq ft at Arizona Mills Mall.