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JV Acquires Foothills Corporate Centre II in Phoenix for $18.4M

The property is 72 percent leased to three tenants, including Level 3, DirecTV and ExhibitOne.

PHOENIX — A joint venture between an institutional investor and Everest Holdings has purchased Foothills Corporate Centre II, a 145,000-square-foot office building in Phoenix, for $18.4 million. The center is located at 14601-14605 S. 50th St.

The property is 72 percent leased to three tenants: Level 3, DirecTV and ExhibitOne. It is situated just north of the future South Mountain Freeway, which is a 22-mile extension of the Loop 202 Freeway.

JLL’s Brian Ackerman and Dan Postal represented the seller, Fort Properties Management, in this transaction. The firm’s Dave Seeger, Mark Gustin and Karsten Peterson will head up the project’s leasing efforts.

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