PHOENIX -- A global real estate company recently closed on a high-end industrial West Valley property that will be leased out to international mattress maker Tempur-Pedic, part of Tempur Sealy International, Inc.

The well-known mattress manufacturer's lease is part of its expansion plan adding to its presence within the Phoenix area. It's a prime location that will help with distribution from Colorado all the way to the Pacific Coast.

The luxurious building known as Buckeye85 is more than 320,000 square feet and sits on 20 acres at the southwest corner of 103rd Avenue and Buckeye Road/MC-85 Highway.

The purchase was made by billion-dollar real estate investment company LaSalle.

"LaSalle is a highly respected and strategic buyer. Their selection of Buckeye85 is a compliment to the quality and stability of the project, and to Phoenix's ongoing ability to attract prime institutional capital to its industrial sector", Lincoln Property Company Senior Executive Vice President David Krumwiede said in a press release.

Lincoln Property Company was behind Buckeye85's design and built in smart technology, employee amenities, including barbeque equipment, outdoor dining and games. The company is known for having a "creative industrial" style, according to a company press release.

"Buckeye85 was designed to give a modern user efficiencies and amenities that support long-term success strategies," Lincoln Property Company Vice President John Orsak said in a press release. "That generated quick interest from multiple tenants, and ultimately a pre-lease to Tempur-Pedic signed prior to completion of construction.

According to a Lincoln press release, a Gilbert location is also a part of Tempur-Pedic in its lease agreement, making the mattress maker's local industrial footprint to nearly 1.5 million square feet.