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Tryperion Partners and Griffin Partners Buy AZ Office Property

2/19/14

Tryperion Partners and Griffin Partners have formed a joint venture to acquire One Agave Center, a 76.8k sf, multi-tenant office building located in South Tempe, AZ. The Class A asset is conveniently located along Interstate 10 at the interchange with Warner Rd, providing tenants ideal freeway access, visibility and proximity to the numerous retail amenities within Phoenix’s burgeoning Southeast Valley.

“The commitments from the existing tenants and the above-market vacancy present a unique blend of stability and upside potential,” said Tryperion partner Eliot Bencuya. “We are confident that, through proactive ownership and leasing, we can increase occupancy and benefit from the continued recovery we are seeing in the Phoenix market.”

Tryperion’s joint venture partner, Griffin Partners, is a vertically-integrated investment and management firm specializing in value-add office projects. Griffin brings over 30 years of experience owning and managing institutional office space.






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