Saturday, May 30, 2015

JLL Closes $10.5M Sale in Vacancy-Resistant McDowell Mountain Business Park in Metro Phoenix, AZ


McDowell Mountain Business Park, 9171 E. Bell Road, 9181 E. Bell Road
and 16611 N. 91st Street,  Scottsdale, AZ


PHOENIX, AZ – The Phoenix office of JLL has closed a $10.5 million ($164.67/sf), three-building flex office portfolio sale in McDowell Mountain Business Park, a segment of metro Phoenix that for years has sustained a sub 10-percent vacancy rate for its Class A flex office and industrial space.

Brian Ackerman
The portfolio buyer, California-based Crown Realty and Development, represented itself in this sale. Michelle Gardner with Shell Commercial will continue to maintain the buildings’ leasing assignment.

“This is a niche area of the northwest Valley that appeals to tenants looking for superior office, flex or industrial space,” said JLL Senior Vice President Brian Ackerman, who represented property seller Aegis I, LLC in the portfolio sale.

“It’s less than one mile from two Loop 101 freeway interchanges and only a few miles from the Scottsdale Airport, McDowell Mountains and some of the Valley’s most elite executive housing, retail and dining. 

The location, combined with the quality construction of these three buildings, will definitely stand the test of time.”

The three-building sale totals 63,763 square feet of institutional-grade flex office space at 9171 E. Bell Road, 9181 E. Bell Road and 16611 N. 91st Street in Scottsdale – at the southeast corner of Bell Road and 91st Street, just off of the Loop 101 freeway. 

All three buildings feature modern architecture, high ceilings and roll-up doors to accommodate high-profile retail showroom businesses and office users.

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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