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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Kelsi Maree Borland
Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.
