Glendale, Arizona, December 7, 2025
Walmart has made a significant investment by acquiring a nearly 1.28 million square-foot warehouse in Glendale, Arizona, for $152 million. This marks the second-largest industrial building sale in Phoenix’s history. The acquisition, finalized just before Thanksgiving, positions Walmart as the first tenant in the new Luke Field complex, enhancing its supply chain capabilities in a region known for industrial growth.
Walmart Acquires Massive Glendale Warehouse for $152 Million
Glendale, Arizona – Walmart has purchased a nearly 1.28 million square-foot warehouse adjacent to Luke Air Force Base for $152,161,730, marking the second-largest industrial building sale in Phoenix’s history. The deal closed just before Thanksgiving, with Walmart becoming the first tenant in the newly completed Luke Field complex, a 140-acre, 2.4 million square-foot logistics park developed by Lincoln Property Company. Walmart will occupy Building C within this facility.
This acquisition underscores Walmart’s ongoing investment in its supply chain infrastructure. The Glendale warehouse is strategically located along the Loop 303 corridor, a region that has seen significant growth in industrial real estate transactions. For instance, in August 2025, a 1 million-square-foot Puma distribution center in Glendale was sold for $140.2 million, marking the largest single-building industrial sale in the Phoenix area since 2022.
Walmart’s expansion into Glendale aligns with the city’s growing reputation as a logistics hub. The area has attracted several major retailers, including Dollar Tree, which acquired a 1.25 million square-foot facility in Glendale in October 2025. This facility serves as Dollar Tree’s first regional distribution center in the Phoenix metro area.
The Glendale warehouse acquisition is part of Walmart’s broader strategy to enhance its distribution capabilities and meet the increasing demand for efficient supply chain operations. By investing in state-of-the-art facilities, Walmart aims to improve delivery times and maintain its competitive edge in the retail sector.
Key Features of the Acquisition
| Feature | Details |
|---|---|
| Location | Adjacent to Luke Air Force Base, Glendale, Arizona |
| Size | Nearly 1.28 million square feet |
| Purchase Price | $152,161,730 |
| Completion Date | Just before Thanksgiving |
| Developer | Lincoln Property Company |
| Walmart’s Occupancy | First tenant in the Luke Field complex, occupying Building C |
Walmart Inc. Stock Information
As of December 6, 2025, Walmart Inc. (WMT) stock is trading at $115.11 USD, with a slight increase of 0.23% from the previous close. The day’s trading saw a high of $116.26 USD and a low of $114.41 USD, with an opening price of $114.73 USD and a volume of 23,956,427 shares. The latest trade was recorded at 00:16:10 UTC on December 6, 2025.
Frequently Asked Questions (FAQ)
What is the size of the warehouse Walmart acquired in Glendale?
The warehouse spans nearly 1.28 million square feet.
How much did Walmart pay for the Glendale warehouse?
Walmart purchased the warehouse for $152,161,730.
When did Walmart acquire the Glendale warehouse?
The acquisition closed just before Thanksgiving.
What is the significance of the Luke Field complex?
The Luke Field complex is a 140-acre, 2.4 million square-foot logistics park developed by Lincoln Property Company, with Walmart becoming its first tenant.
How does this acquisition fit into Walmart’s broader strategy?
The acquisition aligns with Walmart’s strategy to enhance its supply chain infrastructure and improve delivery times to meet increasing demand.
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Author: STAFF HERE PHOENIX WRITER
The PHOENIX STAFF WRITER represents the experienced team at HEREPhoenix.com, your go-to source for actionable local news and information in Phoenix, Maricopa County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Waste Management Phoenix Open, Cactus League Spring Training, and Arizona State Fair. Our coverage extends to key organizations like the Greater Phoenix Chamber of Commerce and Visit Phoenix, plus leading businesses in technology and healthcare that power the local economy such as Intel and Banner Health. As part of the broader HERE network, including HERETucson.com, we provide comprehensive, credible insights into Arizona's dynamic landscape.
