Commercial Property Executive recently reported that Westcore Properties has acquired a newly built, 379,828-square-foot industrial building in Phoenix, Arizona. Located at 8001 West Buckeye Road on a 22-acre lot, the property is close proximity to Interstate 10, and the upcoming Loop 202. Westcore acquired the property from a joint venture between Phoenix-based Wentworth Property Company and a private real estate fund managed by Dallas-based Crow Holdings Capital for an undisclosed price.
GlobeSt.com also reported that the cross-dock, Class A building is well-appointed with ESFR sprinklers, 60-foot speed bays, 36-foot clear height, ample dock-high loading, all-concrete truck yards, trailer parking, and multiple entrances/exits. Westcore will immediately build out approximately 3,800 square feet of office space, paint the interior warehouse walls, and install various warehouse improvements to allow for immediate occupancy. The building is ideal for a single tenant but can also accommodate up to three occupants.
For the transaction, Will Strong of Cushman & Wakefield represented the seller, while Westcore represented itself. Mike Haenel, Andy Markham and Phil Haenel of Cushman & Wakefield will handle the leasing on behalf of Westcore.