Phoenix, AZ- October 27th, 2015- Cohen Equities announced today that it has acquired the Deer Valley Office Portfolio, which consists of Blackhawk Corporate Center & Northgate Business Center located at 20401 N. 29th Avenue, 2902 & 3010 W. Agua Fria Freeway in the Deer Valley submarket of Phoenix, AZ. The office buildings are currently home to tenants including Schweitzer Engineering Lab, Heritage Interiors, Syntel and Cox Communications, among others.
Blackhawk Corporate Center is centrally located and positioned directly adjacent to the interchange of I-17 and Hwy-101, providing great access and visibility. This 113,810 square foot property occupies 11.73 acres of land and is currently 66% occupied.
Northgate Business Center is located at 20401 N. 29th Avenue. This 138,540 square foot property was built in 1997 and occupies 12.22 acres of land. The Deer Valley submarket is a well-established national destination for Fortune 500 companies such as American Express, Honeywell, USAA, PetSmart and Microsoft.
“The strength of the tenant base in this submarket was a big draw for us,” said Meir Cohen, Chairman and CEO of Cohen Equities. “I’m confident that the location and amenities will appeal to tenants seeking space in the valley.”
Leasing at the property is exclusively managed by Ryan Timpani and Keith Lambeth of Colliers International.
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About Cohen Equities
Cohen Equities is a national real estate investment firm that pursues commercial assets that present an opportunity to add value in both secondary and gateway markets. The company has successfully invested in and improved more than 9 million square feet of real estate across the United States. Led by Meir Cohen, a real estate veteran with more than 30 years of experience, Cohen Equities creates significant value through active management, leasing and repositioning activities. For more about Cohen Equities, please visit cohenequities.com.