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| 5869 Talavi, Phoenix, AZ |
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| Brian Ackerman |
PHOENIX, AZ – In an deal that points to rising corporate
confidence, the Phoenix office of JLL has completed a $6.25 million Class A
office building sale that brings Phoenix Heart – the anchor tenant at
5859 Talavi – from project tenant to project owner.
JLL Senior Vice President Brian Ackerman represented
the property seller, Credit Union West, in the transaction. Marcus Muirhead
of Colliers International represented Phoenix Heart.
Recognized as a leading Valley cardiology group, Phoenix
Heart PLLC currently occupies 50 percent of the 35,904-square-foot building at
5859 W. Talavi Blvd., within the Talavi Business Park in Glendale, Arizona.
The building’s remaining space is fully occupied by quality
tenants including Credit Union West, John C. Lincoln and Wallick & Volk.
“This deal points to a new level of confidence and solid
market recovery,” said Ackerman. “Five years ago, recession fundamentals and
uncertainties would have blocked this type of sale, but today the outlook is
optimistic.
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| Marcus Muirhead |
“Tenants are more confident, and considering opportunities
to buy their buildings and secure the benefits of a market upswing.”
The 5859 Talavi building is located near the southeast
corner of Bell Road and 59th Avenue in Glendale, Ariz., with an immediate area
that is inundated with retail amenities that attract tenants to work in Talavi
Business Park.
It is adjacent to the Talavi Town Center retail project and
surrounded by neighbors such as the Thunderbird School of International
Business, ASU West and Midwestern University.
For a complete copy
of the company’s news release, please contact:
Stacey Hershauer
focusAZ
Marketing & Public Relations
(480) 600-0195
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