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Woodside Health Closes on $18 Mil AZ Office Buy

6/23/21

Woodside Health paid $18.2 mil for Arrowhead Executive Center, a 99k sf, multi-tenant office complex situated on 11.9 acres in Glendale, AZ. The asset was sold by Holualoa Companies.

Arrowhead Executive Center comprises eight single-story office buildings located at 17235 N 75th Ave. Originally constructed in 2000, the complex features quality, modern office space that is highly functional and flexible. The property is one mile east of Loop 101, and is also near many retail, shopping and dining amenities.

Cushman & Wakefield’s Steve Lindley represented the seller in the transaction. Bill Cook and Perry Gabuzzi of Plaza Companies provided market leasing advisory.

“Approximately 90% leased to a diverse base of tenants, Arrowhead Executive Center was an excellent opportunity for the buyer to acquire solid in-place income, excellent value, and significant upside potential,” said Lindley.






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