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TriWest North Phoenix HQ Campus Sold for Nearly $20M

TriWest Corporate Headquarters Campus, a four-building office property in Phoenix’s Deer Valley, was acquired by Florida-based Phoenix AZ Holdings LLC for $18.5 million. The seller was Irvine, CA- based Granite Phoenix Complex Holdings.

Located at 15810, 15820, 15830 and 16010 N. 28th Avenue, the 121,511-square-foot property is situated on roughly 12.34 acres within the 100-acre Arizona Business Park. The site is 100% leased to TriWest Healthcare Alliance, which has occupied the property since 2003 and recently renewed its lease.

The property is near Interstate 17 and the Loop 101 Freeway interchange in a Deer Valley office submarket that has the largest concentration of professional and financial services workers in Arizona.

CBRE’s Barry Gabel, Chris Marchildon and Will Mast represented the seller.

Marchildon says, “The sale of the TriWest Corporate Headquarters is indicative of what investors are seeking in today’s marketplace. Single-tenant office investment opportunities are a preferred product type due to reliable cash flow and minimal managerial oversight.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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