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1/12/26
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Westcore acquired a three-building, 332.5k sf industrial park in the Deer Valley submarket of Phoenix for $90.7 mil, or $273/sf. Westcore plans to rebrand the warehouse property as Westcore Innovation Park.
The Class A Westcore Innovation Park, located at 23869-23975 N. 19th Ave and 1775 W. Alameda Rd, sits on 21.87 acres and features dock-high loading, ESFR sprinklers and 24-foot to 32-foot warehouse clearance. At closing, the property will be 100% leased to eight high-quality and diverse tenants.
This transaction brings Westcore’s real estate holdings in the Phoenix market to 3.1 msf of space.
“With the world’s biggest semiconductor manufacturer nearby and continued healthy regional demand for industrial properties, Westcore Innovation Park is a great addition to our Phoenix and broader U.S. portfolio,” said Westcore Senior Managing Director Hack Adams.
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