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LaSalle Investment Management has acquired Tempe Commerce Park, a five-building industrial complex totaling 536,122 square feet in Tempe, Ariz. The acquisition was made on behalf of LaSalle Property Fund, the company’s U.S. core open-ended fund. An acquisition price was not disclosed.

Located at 7340-7360 South Kyrene Road and 7333-7343 South Hardy Drive, Tempe Commerce Park is in the Tempe industrial submarket. The site offers accessibility to several major transportation routes, including I-10 and US 60.