Morgan Stanley buys East Valley Building leased to Honeywell Aerospace from PRI for $59M ($381psf)

8/3/2026

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Phoenix Business Journal

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• Subcategory: Industrial: Flex, Industrial: Manufacturing

• Tag: Sale

• Additional Filters-Subcategory: Industrial: Aircraft-Hanger-Aerospace

• Additional Filters-Tags: Sale: Investment, Sale: Net Lease, Sale: Portfolio

Highlights
Morgan Stanley Real Estate Investing acquired the Chandler facility for $59 million
Honeywell Aerospace has at least nine years remaining on its lease
Phoenix Rising Investments invested roughly $150 million in renovations, expansions at the building