Westcore, a San Diego company specializing in the acquisition, development and management of industrial property, has acquired a Phoenix warehouse for $12.4 million.
The 148,689 square-foot building was sold by Dreamfoam Bedding, doing business as Brooklyn Bedding.
The company occupies the entire building at 455 W. Camelback Road and will temporarily lease it back from Westcore.
“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,” said Westcore Managing Director Hack Adams.
“Westcore continues to be an active buyer of industrial real estate throughout the western U.S. We like the dynamics of the Phoenix market and we will continue to target this area,” Adams said.
Westcore was represented by Phil Haenel, Andy Markham, Mike Haenel and Will Strong of Cushman & Wakefield.
Dreamfoam Bedding was represented by Scott Backes and Rose Arck of Brydant Real Estate.