PHOENIX—The Phoenix office of JLL has just closed a $10.5 million, three-building flex office portfolio sale in McDowell Mountain Business Park, a segment of metro Phoenix that for years has sustained a sub 10% vacancy rate for its class A flex office and industrial space.

“This is a niche area of the northwest Valley that appeals to tenants looking for superior office, flex or industrial space,” says JLL senior vice president Brian Ackerman, who represented property seller Aegis I, LLC in the portfolio sale. “It's less than one mile from two Loop 101 freeway interchanges and only a few miles from the Scottsdale Airport, McDowell Mountains and some of the Valley's most elite executive housing, retail and dining. The location, combined with the quality construction of these three buildings, will definitely stand the test of time.”

The three-building sale totals 63,763 square feet of institutional-grade flex office space at 9171 E. Bell Rd., 9181 E. Bell Rd. and 16611 N. 91^st St. in Scottsdale—at the southeast corner of Bell Road and 91^st Street, just off of the Loop 101 freeway. All three buildings feature modern architecture, high ceilings and roll-up doors to accommodate high-profile retail showroom businesses and office users.