The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
January 31, 2023
 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
Zeitlin Capital Pays $22 Mil for Two-Building AZ Office Portfolio

1/24/23

In a recent AZ office deal, Zeitlin Capital purchased a 136.7k sf, multi-tenant Class A office portfolio in Chandler for $22 mil, or $161/sf. The properties were sold by Mass Equities.

The portfolio consists of two two-story buildings located at 585 and 500 N Juniper Dr, within the 75-acre Chandler Corporate Center master plan. Both buildings are LEED-certified and were constructed during 2008 and 2009.

585 N Juniper, referred to as Chandler Corporate Center I, consists of a 68.2k sf, two-story Class A office building on 7.24 acres. The building was built in 2008 to LEED Silver specifications and features an above-standard 6.6/1000 parking ratio. The property was 71% leased at the time of sale.

500 N Juniper, referred to as Chandler Corporate Center II, consists of a 68.5k sf, two-story Class A office building on 8.75 acres. The building was built in 2009 to LEED Silver specifications and features an above-standard 7/1000 parking ratio. The property was 85% leased to four tenants at the time of sale.

The buildings are conveniently located near the Loop 101 and Loop 202 freeway interchange and enjoy nearby access to more than 2 msf of retail amenities surrounding Chandler Fashion Center Mall, and a retail footprint of nearly 4 msf within a two-mile radius. There are also numerous restaurants as well as executive housing communities within minutes of the property, and downtowns Tempe and Scottsdale are also close proximity.

Chris Toc, Jerry Roberts and Pat Boyle with Cushman & Wakefield represented Mass Equities in the transaction.

“With its Southeast Valley location amidst one of the strongest labor pools in Metro Phoenix, its LEED-certified credentials, robust parking ratio, and accessible location, these are two jewel-box office buildings that provided a great acquisition opportunity in a growing market,” said Toci.




Return to the previous 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 © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media