Sale Closes in Vacancy-Resistant Park

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.”