JLL Brokers $10.5M Purchase of Flex Building in Phoenix

PHOENIX — JLL has arranged the acquisition of a flex building located at 3930 E. Watkins St. in Phoenix. A private charitable foundation acquired the property for $10.5 million. The name of the seller was not released.

Situated on 7.9 acres within Southbank Business Park, the building features 101,932 square feet of flex space with 24-foot clear heights, wide column spacing, multiple loading positions and ample parking.

Brian Ackerman led the JLL Capital Markets team that represented the buyer, while Steve Larsen is leading the JLL Leasing team that is marketing the property’s unoccupied tenant space.