April 15, 2020
Westcore acquired a 148,689-square-foot, Class A industrial warehouse located at 4455 West Camelback Rd. in Phoenix for $12.4 million. 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.
Westcore’s Hack Adams says, “This Class A, functional warehouse was built in 2015 and is well suited to the size requirements of a wide range of active users in the Southwest Valley industrial market.”
San Diego-based Westcore was represented in the transaction by Cushman & Wakefield’s Phil Haenel, Andy Markham, Mike Haenel and Will Strong. The seller was represented by Brydant Real Estate’s Scott Backes and Rose Arck.
The asset is located in Phoenix’s Southwest Valley submarket, along U.S. Route 60 and near Interstate 17.
For comments, questions or concerns, please contact Dennis Kaiser