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September 21, 2020
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Westcore Buys 149k sf Warehouse in Phoenix


Westcore paid $12.4 mil for 148.7k sf ($83/sf), Class A industrial warehouse in Phoenix, AZ. The property, located at 4455 West Camelback Rd, in Phoenix’s Southwest Valley submarket, along U.S. Route 60 and near I-17.

The seller, Dreamfoam Bedding, doing business as Brooklyn Bedding, occupies the entire building and will lease it back from Westcore for a short period of time. Built in 2015, the building is well suited to the size requirements of a wide range of active users in the Southwest Valley industrial market, according to Hack Adams, managing director with Westcore.

Westcore was represented in the transaction by Phil Haenel, Andy Markham, Mike Haenel and Will Strong of Cushman & Wakefield. The seller was repped by Scott Backes and Rose Arck of Brydant Real Estate. Less than one year ago, Westcore acquired a 379.8k sf industrial building less than 10 miles from the Camelback Road property, which it recently leased to ABB Electrification.

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