Oxford Properties Group (“Oxford”), a leading global real estate investor, developer and manager, today announced that it has acquired a high-quality six-property, 460,000 sq. ft. light industrial portfolio (“Sycamore”) situated within the Tempe and Airport submarkets of Phoenix, AZ. With this transaction, Oxford further scales its footprint in Phoenix up to 15 assets and approximately 1.2 million sq. ft., reflecting its deep conviction in the region and its long-term supply and demand fundamentals.

This acquisition represents the next phase of Oxford’s capital rotation strategy in the US industrial sector, where it has been actively redeploying capital from stabilized dispositions into income-oriented assets that enhance current yield and deepen its exposure to logistics markets where it has the highest conviction.

In 2026 alone, Oxford has deployed approximately US$400MM into the sector through acquisitions and development, while also selling down US$400MM of stabilized assets where it has completed its business plan. This includes the recent disposition of Gateway portfolio, a five-asset, ~800,000 sq. ft. industrial portfolio located in Atlanta and Dallas.

“Industrial remains a critical part of Oxford’s US platform and a high-conviction theme for us as we continue to strengthen our vertically integrated operating capabilities in light industrial,” said Ankit Bhatt, Head of US Investments at Oxford Properties. “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. Sycamore adds durable income to our portfolio in regional submarkets where we already have a meaningful presence. 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.”

Sycamore consists of six industrial properties ranging from approximately 40,000 sq. ft. at West Fairmont to approximately 335,000 sq. ft. at Colony Commerce Park. The portfolio is nearly 95% leased to over 18 businesses representing a diverse range of industrial uses.

The acquisition reflects Oxford’s strategy of investing in high-quality industrial assets in supply-constrained infill markets with robust underlying fundamentals. Located in Phoenix’s Airport and Tempe submarkets, the portfolio’s assets are all positioned less than five miles from Phoenix Sky Harbor International Airport and offer convenient access to major transit routes. Its infill locations also benefit from limited land availability and historically strong occupancy fundamentals.