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Phoenix & Southwest  + Phoenix  + Office  | 

Landmark Phoenix Office Trades for $17M

The Fordham office complex in Phoenix traded hands for $16.75 million. The buyer was Corona, CA-based PE, LLC, while the seller was 1440 Missouri Partners, LP, an entity controlled by Phoenix-based Jevan Capital.

The asset consists of two multi-tenant office buildings totaling 90,688 square feet. The complex is at 1430 and 1440 E. Missouri Ave. and was 92% leased to a variety of office users.

Cushman & Wakefield’s Eric Wichterman and Mike Coover handled the transaction on behalf of the seller.

Wichterman says, “This is a superb garden-style office complex located in a prime infill hot-spot of Phoenix. Originally developed in the 1980s, The Fordham’s unique and classic architecture has earned it ‘landmark’ status. The seller also completed an extensive and tasteful multi-million-dollar interior/exterior renovation in 2018 that included new tenant improvements invested in over two-thirds of the project’s suites.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition