PHOENIX — Cushman & Wakefield on Monday announced that the real estate services firm has arranged the sale of Sycamore Portfolio, a six-building 460,135-square-feet industrial portfolio spanning six properties in the Phoenix metropolitan area.

The portfolio comprises two properties in Tempe and four in Phoenix’s Airport submarket.

"The Sycamore Portfolio represents the type of investment opportunity that continues to attract institutional capital to Metro Phoenix," stated Will Strong, a representative of Cushman & Wakefield in a news release. "It’s established infill locations, diversified tenant base and embedded opportunities for future rent growth provide an attractive combination of current income and long-term value creation potential. As the region continues to expand, well-located industrial properties with access to existing infrastructure and major employment centers remain particularly compelling to investors."

The portfolio is 94.1% leased to 18 tenants, including Ryder Logistics, ECD Systems and Phoenix Formulations, with a weighted average lease term of approximately 2.3 years. The tenant mix spans a variety of industrial uses, reflecting the diverse occupier base within Metro Phoenix's established infill markets.

The six buildings feature a combination of front and rear-loading configurations, accommodating a diverse range of industrial occupiers and operational requirements. Strategically positioned within six miles of Phoenix Sky Harbor International Airport, the Sycamore Portfolio provides exceptional connectivity via immediate access to US-60, Loop 202, Loop 101, I-10 and I-17. The infill locations benefit from proximity to major transportation infrastructure, dense population centers, and the ongoing evolution of Phoenix as a leading logistics and distribution hub.

The transaction comes amid improving industrial market fundamentals across Metro Phoenix, with the airport submarket recording its strongest quarterly leasing activity since early 2022, totaling approximately 952,000 square feet in the third quarter of 2026, according to Cushman & Wakefield research.

Editor’s note: The above was republished from a Cushman & Wakefield news release.