Enright Capital Buys Ahwatukee Foothills Corporate Park
Announcement: GlobeSt.com now offers Phoenix commercial real estate executives easier access to more information and resources via our NEW dedicated Phoenix edition.
PHOENIX-A Canadian firm has expanded its real estate portfolio in Arizona with a purchase of a bank-owned office building in the Ahwatukee Foothills neighborhood of Phoenix. Enright Capital Ltd., a Calgary, Alberta-based real estate firm, recently acquired the Ahwatukee Foothills Corporate Park, a four-building office property, from MidFirst Bank.
The property was 41% vacant at closing. MidFirst Bank took over the property after Ahwatukee Foothill Corporate Office Park LLC, the pervious owner, defaulted on its loan. Cassidy Turley brokered the deal for the seller. For the full story, go to Phoenix Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Be sure to visit GlobeSt.com's NEW Sectors-to-Watch page for in-depth looks on the Hotels, Industrial, Multifamily, Office, Retail, Student Housing, Net Lease and Healthcare Real Estate markets.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.