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LaSalle Investment Management, the global real estate investment manager, announced the acquisition of Buckeye85, a core industrial building located in metro Phoenix’s Interstate 10 Corridor. The acquisition was made on behalf of LaSalle Property Fund, the firm’s U.S. core open-end fund.

“We are pleased to add Buckeye85 to our portfolio,” said Jim Garvey, president and portfolio manager at LaSalle Property Fund. “Our conviction in well-located, class A industrial assets remains strong, and we believe this acquisition will continue to support the strong relative performance of the fund.”