Tempus Tests Tempe Temp and it’s Just Right

Warner Crossing, a two-building office complex located at 8260 and 8312 S. Hardy Dr. in Tempe, recently sold to Tempus Realty Partners of Little Rock. Tempus Realty Partners purchased the 138,180-square-foot property from Younan Properties Inc. of Woodland Hills, CA.

“Warner Crossing represents the ideal opportunity for us to enter the Tempe market,” says Dan Andrews, CEO of Tempus Realty Partners. “We are confident that when the current disruption in the market dissipates, high-quality assets such as this will quickly return to full occupancy.”

Built in 2000, the single-level office buildings offer an institutional-quality image. The three investment-grade tenants represent resilient business sectors such as banking, pharmacy fulfillment and insurance.

“Selling an office property with one of its three tenants on a short-term lease and most employees working from home takes persistence and a knowledgeable team,” says Mindy Korth, executive vice president with Colliers in Arizona. “Fortunately, this project was very well-conceptualized by its original developer, Ryan Companies. Warner Crossing has a long history of full occupancy, only recently dropping to 69 percent leased status.”

Korth represented the seller, and the buyer was represented by Isaac Smith, president of Colliers in Arkansas.