Oxford Properties Invests $100 Million in Phoenix Industrial Portfolio

Oxford Properties Group has acquired the 460,000-square-foot Sycamore portfolio, consisting of six industrial spaces in Phoenix and Tempe, Ariz., in close proximity to the Sky Harbor International Airport. According to sources, the deal was closed for approximately $100 million, with Link Logistics as the seller.

The portfolio includes assets of various sizes, from 800 West Fairmont Drive – with a total square footage of roughly 40,000 – to 440 West Fairmont Drive (83,200 square feet) and the 335,000-square-foot 2115 South 11th Avenue at Colony Commerce Park. The buildings are 95% leased to no fewer than 18 businesses across a wide range of industries.

The properties were marketed by Cushman & Wakefield’s Will Strong, Molly Miller, Jack Stamets, Michael Matchett and Madeline Warren.

“Industrial remains a critical part of Oxford’s U.S. platform and a high-conviction theme for us as we continue to strengthen our vertically integrated operating capabilities in light industrial,” Ankit Bhatt, head of U.S. investments at Oxford Properties, said in a statement. “Our ability to actively recycle capital in this sector allows us to remain responsive to changing market conditions, transact at scale through cycles, and point investment dollars toward highly functional, income-generating assets where we see the strongest relative value.”

According to Oxford Properties’ website, the firm’s industrial footprint in the Phoenix market totals 1.2 million square feet across 15 assets.

This latest deal is part of a wider effort by the company to invest in high-quality industrial assets in supply-restricted markets. Throughout 2026, Oxford sold $400 million in properties within its portfolio and invested the same amount in acquisitions and development.

“Sycamore adds durable income to our portfolio in regional submarkets where we already have a meaningful presence,” Bhatt added. “It also gives our boots-on-the-ground teams an opportunity to leverage their operational expertise to further enhance the performance of these assets over time.”