The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Macquarie Asset Management Acquires Phoenix Office Redevelopment Project in $56 Mil Deal

8/13/21

Global asset manager Macquarie Asset Management has acquired CASA, an experiential, Class A office redevelopment in Phoenix’s popular Uptown neighborhood, for $56.5 mil. The property was sold by Phoenix-based developer George Oliver in a deal that works out to $312/sf, a transaction we’re told sets a new price-per-square-foot record for the Piestewa Peak submarket.

Located off of the Piestewa Fwy/State Route 51 and Northern Avenue, at 7878 N. 16th St, CASA mixes modern Spanish architecture with lifestyle amenities designed around health and wellness. Among these are a 60-guest conference center, library, wellness center with a yoga room, fitness center and on-site meditation room.

The project includes high-finished office space as well as co-working suites in CASA Coworking that are fully furnished with access to shared conference rooms and breakrooms, a private coworking lounge, high speed internet access, and the building’s full-time concierge.

Two centralized courtyards with a water feature serve as hubs for relaxation and collaboration. CASA also includes a dog park and a two-story dining experience with dedicated food truck parking, shaded outdoor dining and outdoor game and lounge areas.

While COVID halted many large metro Phoenix leases, strong tenant demand at CASA over the past 18 months pushed the property’s occupancy. Existing tenants at CASA include Rockwell Automation, City National Bank, The Money Store, Olsson, Phoenix Association of Realtors, North & Co and local favorite Kaleidoscope Juice, which operates an on-site café and lounge serving organic food, coffee and juice.

A final lease push this summer brought the building to fully committed with the new Medicom headquarters relocation from North Carolina and new offices for DR Horton Title and Cross Country Mortgage.

Ryan Timpani and Nick Bialkowski of JLL are the exclusive leasing brokers for CASA. In the sale, JLL’s Benjamin Geelan and Brian Ackerman represented George Oliver, who purchased CASA, previously known as Catalina Terraces, in December 2018.






Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media