After sitting mostly quiet for years, a massive truck yard just off Interstate 10 in West Phoenix is about to roar back to life. An affiliate of Knight‑Swift has scooped up a 24‑acre former FedEx terminal at 7160 W. Sherman St. in a roughly $30 million deal that closed last Wednesday, with plans to put the site back into heavy freight use. The buyer intends to occupy the property for its own operations, replacing the largely idle period when only a small slice of the yard was leased to Amazon for vehicle parking.
Who closed the deal and how it came together
The seller was represented by Andrew Gibbs of Burr & Temkin, while Cresa broker Eric Walker acted on behalf of the buyer, according to Connect CRE. The outlet reports the purchaser as an affiliate of Knight‑Swift Transportation Holdings and notes the company plans to use the Phoenix facility for local distribution and staging. Connect CRE also identifies EQT Real Estate as the seller in the transaction.
Where the yard sits and what Knight‑Swift is getting
The terminal occupies a large fenced parcel off 75th Avenue near Interstate 10, with two buildings totaling about 34,620 square feet on approximately 24.47 acres, according to commercial listings. LoopNet lists the property as a 2008 build with more than 80 loading doors and extensive trailer parking, essentially a ready-made hub for a major carrier.
The Phoenix Business Journal reported that AAA Cooper, a Knight‑Swift affiliate, closed on the site last Wednesday, confirming both the buyer and the price. Phoenix Business Journal covered the transaction.
Why Knight‑Swift is stocking up on terminals
Knight‑Swift has been on a quiet shopping spree for terminals, growing its less‑than‑truckload network and expanding its footprint across the Southwest through acquisitions rather than ground-up construction. Industry coverage notes that picking up existing yards and leased terminals lets carriers move trailers, stage local fleets and add capacity much faster than building new sites. FreightWaves has detailed the company’s recent push into regional terminals and LTL expansion.
Price jump and what it signals for Phoenix logistics
The roughly $30 million price tag marks a notable bump from the site’s last institutional sale. EQT Real Estate acquired the terminal from FedEx in 2021 for about $24.1 million, a figure cited in local coverage. Connect CRE highlighted that previous sale and reported the facility had remained largely vacant until Knight‑Swift stepped in…