{"id":1004418568,"date":"2020-04-15T22:14:57","date_gmt":"2020-04-16T06:14:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004418568"},"modified":"2020-04-15T22:14:57","modified_gmt":"2020-04-16T06:14:57","slug":"westcore-pays-12m-for-phoenix-warehouse","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/westcore-pays-12m-for-phoenix-warehouse\/","title":{"rendered":"Westcore Pays $12M for Phoenix Warehouse"},"content":{"rendered":"
\"\"<\/a>

4455 W. Camelback Road. Image courtesy of Westcore<\/i><\/p><\/div>\n

Westcore has acquired a 148,700-square-foot, Class A industrial building in Phoenix from Brooklyn Bedding in a sale-leaseback transaction. The property changed hands for $12.4 million. Cushman & Wakefield assisted the buyer, while Brydant Real Estate negotiated the deal on behalf of the seller.<\/p>\n

Located on 7 acres at 4455 W. Camelback Road, the warehouse was completed in 2015. The seller has signed a short-term leaseback agreement for the entire property. The single-story facility features 8,357 square feet of office, two grade-level and 25 dock-high doors. The property is roughly 3 miles from Interstate 17, which also provides access to Interstate 10. Additionally, Phoenix Sky Harbor International Airport is 11 miles away.<\/p>\n

Brydant Real Estate President Scott Backes and Senior Vice President Rose Arck represented the seller. The Cushman & Wakefield team included Director Phil Haenel and Executive Managing Directors Andy Markham, Will Strong and Mike Haenel. Earlier this month, the same brokerage team assisted Westcore in signing a full-building lease at West80<\/a>, a 400,000-square-foot industrial property in Phoenix, roughly 10 miles from the current location.<\/p>\n","protected":false},"excerpt":{"rendered":"

The seller, a bedding company, signed a short-term leaseback agreement for the 148,700-square-foot facility.<\/p>\n","protected":false},"author":867,"featured_media":1004418592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,1601,15],"tags":[32799,34163],"class_list":["post-1004418568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-phoenix","category-west","tag-cushman-wakefield","tag-westcore-properties"],"acf":[],"yoast_head":"\nWestcore Pays $12M for Phoenix Warehouse - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/westcore-pays-12m-for-phoenix-warehouse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Westcore Pays $12M for Phoenix Warehouse\" \/>\n<meta property=\"og:description\" content=\"The seller, a bedding company, signed a short-term leaseback agreement for the 148,700-square-foot facility.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/westcore-pays-12m-for-phoenix-warehouse\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-16T06:14:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/4455-W.-Camelback-Road.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/westcore-pays-12m-for-phoenix-warehouse\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/westcore-pays-12m-for-phoenix-warehouse\/\",\"name\":\"Westcore Pays $12M for Phoenix Warehouse - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/westcore-pays-12m-for-phoenix-warehouse\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/westcore-pays-12m-for-phoenix-warehouse\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/4455-W.-Camelback-Road.jpg\",\"datePublished\":\"2020-04-16T06:14:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/westcore-pays-12m-for-phoenix-warehouse\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/westcore-pays-12m-for-phoenix-warehouse\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/westcore-pays-12m-for-phoenix-warehouse\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/4455-W.-Camelback-Road.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/4455-W.-Camelback-Road.jpg\",\"width\":800,\"height\":620,\"caption\":\"4455 W. 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