Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Phoenix & Southwest  + Phoenix  + Office  | 
Newmark Brokers Phoenix Foothills Corporate Centre

Phoenix’s Foothills Corporate Centre Sold, Will Take on New Look

The 110,000-square-foot office was sold by SDC Foothills and the buyer was WG Group. This is WG’s first foray into the Phoenix market.

The building, which is at 14415 S. 50th Street, is 64% leased to one tenant. The new owner plans to convert the property to flex/light industrial to capture growing demand in that sector. “Foothills Corporate Centre’s existing infrastructure and clear heights coupled with a highly accessible location make it an ideal candidate for a flex conversion,” said CJ Osbrink from Newmark, who brokered the deal.

The WG Group is a Nevada firm who has closed a number of deals in the Las Vegas area.

Connect

Inside The Story

CJ Osbrink

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition