Black Salmon has acquired the US Bank Center in Phoenix for $92 million in a joint venture with ScanlanKemperBard Companies. The JV plans to invest an additional $9 million in property improvements and $6 million in leasing. The class-A property is 375,000 square feet.
The high-rise is currently 83% leased to a tenant roster that includes WeWork and Jacobs Engineering Group.
In addition, the property includes a seven-story parking garage in a designated opportunity zone.
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