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| Brian Ackerman |
PHOENIX, AZ – The
Phoenix office of JLL has completed the sale of One Agave Center, one of
the only four-story office buildings situated along the South Tempe/Ahwatukee
portion of the I-10 Technology Corridor in metro Phoenix’s Southeast Valley.
JLL Executive Vice President
Brian Ackerman represented the property seller, Tryperion Partners and
Griffin Partners. Orsett Properties was the buyer.
“This is the only
four-story office building in this section of the I-10 Technology Corridor, in
a very popular residential market. That demand is reflected in the area’s low
Class A vacancy rate for office space located within one-half mile of the
freeway,” said Ackerman.
“Most of
the businesses within One Agave Center are blue chip tenants who have been here
for years and take great pride in their longevity and in the future of the
area. This creates tremendous stability with existing and new tenants
interested in One Agave Center.”
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| One Agave Center, 8950 South 52nd Street,Tempe, AZ |
Built in 2000, One
Agave Center is located on 4.56 acres at 8950 S. 52nd St. in
Tempe, Arizona, just south of Warner Road and East of Interstate 10 in the
Southeast Valley submarket.
The
77,432 square-foot, Class A office building offers direct freeway frontage and
immediate access to I-10. It is also located just 2.5 miles north of the
anticipated Loop 202 extension and within one mile of more than 40 dining and
retail amenities. There are 7.8 million square feet of retail amenities within
three miles of the project.
Part of the I-10
Technology Corridor, One Agave Center currently holds an 87.2 percent occupancy
rate, 50 percent of which is from technology and advanced business services
companies.
Major tenants include Tyler Technologies,
Radiall, Qwaltec, 84 Lumber and Berkshire Hathaway Home Services.
Contact:
Stacey Hershauer
Phone: +1 480 600 0195
Email: stacey@focusaz.com
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