TEMPE, AZ-Westport Capital Partners LLC acquired the 220,000-square foot Agave Center, boosting its Arizona portfolio to more than 670,000 square feet. With this commercial real estate transaction, the Southern California buyer now owns three single-story office buildings, a two-story office building, a flex industrial building and close to five acres of developable land.

Situated on a 27-acre parcel near Warner Road and Interstate 10, Agave Center is more than 80% occupied. “Westport continues to add attractive, functional assets to our national portfolio that are in strong performing markets,” says Sean Armstrong, principal and portfolio manager with Westport in a press release. “This is our fourth investment in the Phoenix area, which continues to be a highly attractive market for owners and companies seeking a business-friendly environment.”

Dennis Desmond and Brian Ackerman of Jones Lang LaSalle represented both the seller and buyer in the acquisition. Jones Lang LaSalle had the co-listing with Mark Gustin of Cushman & Wakefield of Arizona Inc. According to Desmond, the portfolio attracted good buyer interest during its marketing period.