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Canadian investment firm acquires fully leased distribution building in Phoenix

Belkorp buys industrial facility occupied by PillPack for $44.15 million
The two-story industrial building at 3809 E. Watkins St. in Phoenix sold for $44.15 million. (CoStar)
The two-story industrial building at 3809 E. Watkins St. in Phoenix sold for $44.15 million. (CoStar)
By Clarice King with
CoStar Research
June 2, 2026 | 3:25 P.M.

Canadian investment firm Belkorp has acquired a distribution building in Phoenix from Oxford Properties Group for $44.15 million, or approximately $253 per square foot.

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