JLL closes $266 Million sale of six office assets in Phoenix
United States, Sept. 5 -- JLL Capital Markets announced that it has closed the $266 million sale of six Class A office assets totaling 1.247 million square feet in Phoenix, Arizona.JLL represented City Office REIT, Inc. (NYSE: CIO) in the sale of the properties to Southwest Value Partners. The transaction is the first closing in the sale of City Office REIT, Inc's. Phoenix portfolio, which also includes Pima Center that is expected to close at a later date, subject to the company obtaining certain approvals related to the property's ground lease.The properties have strategic locations near Sky Harbor International Airport, executive housing and major Phoenix thoroughfares, including Interstate 10.JLL's Capital Markets team representing the ...
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