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September 22, 2021
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Westcore Nabs 115k sf Warehouse Property in Phoenix

8/18/21

In a recent Phoenix industrial buy, Westcore paid $13.5 mil for a 114.9k sf, warehouse building at below replacement cost. The property, located at 200 S. 49th St, was sold by an owner-user in a sale-leaseback deal.

Westcore plans to make cosmetic upgrades and market the property for lease in late 2022, following the departure of the seller.

Mike and Phil Haenel of Cushman & Wakefield represented Westcore in the transaction. Ben Geelan and Andrew Medley of JLL repped the seller.




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