PHOENIX—After approximately two years without a Phoenix property in its portfolio, Westcore Properties was attracted back to the market due to its growing economy, declining vacancy rates and rising rents, particularly in the multi-tenant industrial sector.  After this short hiatus, it recently added a 170,625-square-foot industrial property located at 125 North 67th Ave. to its portfolio. Westcore purchased the property, originally built in 2001, from an independent Canadian investor for $10.2 million.

Hack Adams, senior vice president at Westcore Properties, tells “We are very focused on expanding our industrial asset base with quality investments like 67th Avenue, and we feel Phoenix’s diverse economic base, as well as the resurgence of the multi-tenant industrial market provided us an exciting opportunity to lay the foundation for building a cohesive Phoenix industrial portfolio.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.