Overview
First acquisition in the Phoenix market for WG Group in a joint venture with the Krausz Companies. The asset is 110k SF, single story, office building that was built in 1998 that was acquired with a single tenant occupying 63% of the space. The property is located in the Ahwatukee submarket. The property was purchased for $16.25M in June 2022.
In the News
Press · WG GroupJun 26, 2022AZ Big Media
WG Group Acquires Foothills Corporate Centre I in Phoenix for $16.25M
WG Group makes its first Phoenix acquisition with 110,360 SF Foothills Corporate Centre I for $16.25M.
Press · WG GroupJun 15, 2022REBusinessOnline
WG Group Acquires 110,360 SF Foothills Corporate Centre I for Industrial Conversion
REBusinessOnline covers WG Group's industrial conversion play at Foothills Corporate Centre I.
Project Details
- Status
- Current Asset in Phoenix, Arizona
- Type
- Value Add Acquisition
- Location
- Phoenix, AZ
- Size
- 110,000 SF
- Address
- 14415 S 50th St, Phoenix, AZ
- Year Built
- 1998
- Acquired
- June 2022
- Purchase Price
- $16.25M
- Occupancy at Acquisition
- 63%
- Partners
- WG Group / Krausz Companies