PROJECT DETAIL ​

Westwood Business Center

historical investments

2222-2228 W Northern Avenue,
Phoenix, AZ

Size:

 92,000 SF

ACQ:

 June 2005

SOLD:

 December 2011

Description

Westwood Business Center is a 92,000-square-foot office project located adjacent east of Interstate 17. The multi-tenant project’s renovations included an overhaul of the common areas and amenities (koi pond, waterfalls), as well as upgraded restrooms and modernized facades. Due to the recessionary environment during the holding period, a discounted payoff was negotiated which helped to strengthen the cash flow before eventually selling the asset.