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| 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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