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3/06/26
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An affiliate of Wentworth Property Company, LLC, acquired a two building, Class A office campus in Phoenix. The 238.5k sf asset, located at 25500–25600 North Norterra Dr, was sold by Workspace Property Trust.
The campus includes two three story buildings with 39.8k sf floor plates. On site amenities include a fitness center with locker rooms, a large kitchen, EV charging stations, multiple indoor and outdoor work areas, and loading docks. Originally built in 2001, the buildings offer flexible configurations suitable for a range of tenant needs.
Wentworth plans to invest in additional enhancements to the campus, including a full mechanical engineering upgrade and new food, wellness, and training amenities designed to elevate the tenant experience.
CBRE’s Jim Bayless and Ashley Brooks, Jr., advised on the transaction. They will lease the property on behalf of Wentworth, and Wentworth Property Management will manage the campus.
“Norterra continues to see strong tenant and investor interest due to its connectivity, amenities, and long term growth trajectory,” said Bayless, senior vice president at CBRE. “This was a great opportunity to acquire a well located campus with strong infrastructure in one of Phoenix’s most active employment corridors, positioning them for future leasing and operational upside.”
Situated along the Interstate 17 frontage road, the property is near the Taiwan Semiconductor Manufacturing Company (TSMC) campus. Lam Research recently acquired the building directly north of the campus, further contributing to ongoing activity in the submarket.
The area continues to be shaped by TSMC's broader impact, along with a sustained flight to quality among Class A office users. According to CBRE research, the North Phoenix–Deer Valley submarket remains one of the stronger performing office markets in the region, with vacancy below the metro average and tighter than most other submarkets.
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