Westcore recently acquired a fully-leased Arizona industrial building for $38 million. The firm bought the 164,486 square-foot warehouse building on a 16.5-acre site from Greenlaw. The building is located at 2550 North Nevada St. in Chandler, AZ, a city in the Phoenix metro area.
The recently renovated building has 30-foot clear height, extensive power, ESFR sprinklers, and newly constructed office space. Greenlaw is adding an underground, two-acre retention basin. After this is complete, the tenant will pave about nine acres of excess land for parking, loading, and outbound operations. The building is fully leased to a single ecommerce company.
Greenlaw was represented by the Cushman & Wakefield team of Jeff Chiate, Will Strong, and Mike Adey. Westcore represented itself in the transaction.
Read more about this transaction in the San Diego Business Journal.