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6/17/25
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Phoenix Enterprises LLC purchased two office buildings totaling roughly 62k sf of space in Phoenix for $6.2 mil, or $100/sf. The acquisition included Paradise Village Office Park I, a two-story, 15.1k sf building located at 11405-11411 North Tatum Blvd, and Paradise Village Office Park II, a 46.8k sf building at 11801 North Tatum Blvd. Both buildings were fully occupied at the time of sale.
The buildings are part of Paradise Village Office Park, a three-building, 330k sf office campus situated along North Tatum Blvd, just south of Cactus Rd at the Paradise Village Pkwy ring near the Scottsdale–Phoenix border. Not included in the sale was the main building, Paradise Village Office Park III, a 268k sf structure located at 11811 North Tatum Blvd.
The Park benefits from easy connectivity to the greater Phoenix metropolitan area, including downtown Phoenix, Scottsdale and other major business corridors, thanks to its position near State Route 51.
CBRE’s Geoffrey Turbow and JLL’s Charlie von Arentschildt represented the seller in the transaction.
“This represents a rare opportunity to invest in one of Phoenix’s most vibrant and rapidly evolving submarkets. With its strategic location adjacent to the redeveloped Paradise Valley Mall, these assets are exceptionally well-positioned to capitalize on the area’s ongoing revitalization and long-term growth trajectory,” said Turbow. “We received strong interest from across the Pacific Southwest, ultimately narrowing the field to a select group of bidders. After requesting the best and final offers, all parties increased their bids, and we ultimately selected an experienced local buyer with an all-cash offer.”
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