Oxford Properties Group has acquired a six-property industrial portfolio in the greater Phoenix area. The assets are distributed across three addresses in Phoenix and neighbouring Tempe in the US state of Arizona. While the company officially disclosed neither the vendor nor the exact purchase price, industry sources indicate that the transaction volume for the roughly 460,000-square-foot site stands at approximately 100 million US dollars.
Locations and parties involved in the Sycamore portfolio
Known as the Sycamore portfolio, the collection comprises properties at 440 West Fairmont Drive, 800 West Fairmont Drive and 2115 South 11th Avenue in the immediate vicinity of Phoenix Sky Harbor International Airport. Data from industry service Revere CRE and records from CBRE identify Link Logistics as the vendor of the commercial space. The properties were marketed by a Cushman & Wakefield team consisting of Will Strong, Molly Miller, Jack Stamets, Michael Matchett and Madeline Warren.
- —440 West Fairmont Drive and 800 West Fairmont Drive in Tempe
- —2115 South 11th Avenue in Phoenix
- —Total floor area of around 460,000 square feet for light industry
Strategic expansion in Arizona
With this acquisition, the real estate investor expands its industrial holdings in Phoenix to 15 properties totalling around 1.2 million square feet. The purchase aligns with the group's overarching capital strategy for the current year. In 2026, Oxford Properties disposed of assets valued at 400 million US dollars and concurrently invested the same amount in new acquisitions and development projects.
Ankit Bhatt, head of US investments at Oxford Properties, explained that the industrial sector remains an essential pillar of the firm's US platform and a high-conviction investment focus. He noted that the company is continuously strengthening its vertically integrated operational capabilities in the light industrial sector. The ability to actively recycle capital within this segment allows it to respond flexibly to market shifts and make targeted investments in functional, income-generating assets offering attractive relative value.
Bhatt further noted that the Sycamore portfolio delivers steady returns to the existing estate across submarkets where the investor already maintains a noticeable footprint. In addition, the properties offer local teams the opportunity to apply their operational expertise to enhance asset performance over the long term. Neither Link Logistics nor Cushman & Wakefield provided an immediate comment on the transaction upon request.
