Enright Capital Buys Ahwatukee Foothills Corporate Park
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.
So much is happening across the country in the office sector. Hear the latest in creative office, how millennials are impacting the direction of the market and where developers are focusing at a RealShare Conference. Check out the details and agendas to find an informative office panel and register today.
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.