Eric Plesman Of Oxford Properties Group Acquires Six-Property Industrial Portfolio For $100 Million

The sale involved an industrial asset portfolio named the Sycamore industrial portfolio, consisting of six properties located at 440 West Fairmont Drive, 800 West Fairmont Drive, and 2115 South 11th Avenue. The total area of the portfolio is 460,000 square feet. The transaction took place in the market of Tempe and Phoenix, Arizona, with a reported sale price of $100,000,000, translating to a price per square foot of $217.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $100,000,000
• Buyer: Eric Plesman - Oxford Properties Group
• Seller: Luke J. Petherbridge - Link Logistics Real Estate
• Brokers: Will Strong, Molly Miller Hunt, Jack Stamets, Michael Matchett & Madeline Warren - Cushman & Wakefield
• Square Footage: 460,000
• Price Per Square Foot: $217

Oxford Properties Group, represented by Eric Plesman, acquired the portfolio from Link Logistics Real Estate, represented by Luke J. Petherbridge. The brokers involved in the transaction included Will Strong, Molly Miller Hunt, Jack Stamets, Michael Matchett, and Madeline Warren, all from Cushman & Wakefield. The properties are strategically located near Sky Harbor International Airport, enhancing their market value.