Sumitomo Corp. Buys Collier Center in Phoenix

The 24-story property features over 578,000 square feet of rentable space and is 84% occupied.

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Sumitomo Corp. of Americas has acquired Collier Center, a 24-story, 578,000-square-foot office building. The property is 84% occupied with Bank of America and Uber as its largest tenants.

The investor was attracted to Phoenix because of its recent growth, including low unemployment and population growth. The property is within short walking distance of Phoenix’s light rail trains and bus lines, and just minutes from the downtown area’s major highways.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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