Westcore Buys New 380 KSF Phoenix Industrial Asset
Westcore Properties acquired the brnad new 379,800 square foot property from a joint venture of Wentworth Co. and privare real estate fund managed by Crow Holdings Capital. Seller Wentworth only recently completed development of West 80, a Butler Design Group, designed building sited on 22 acres.
Westcore doesn’t make a habit of pursuing assets that are in the construction stage, so the decision to make a bid for the property, located at 8001 W. Buckeye Road, was an uncharacteristic move for the firm. Cushman & Wakefield’s Will Strong, charged with marketing the property to a limited audience on the seller’s behalf, brought the opportunity to the buyer. Westcore has tapped the Cushman & Wakefield team of Mike Haenel, Andy Markham and Phil Haenel to spearhead leasing of West 80, that can accommodate a single user or as many as three tenants. The new owner plans to waste precious little time prepping the property for immediate occupancy by instituting certain improvements, including the build-out of 3,800 square feet of office space.
Fulya Altunyay/[email protected]