Stockdale Capital Partners Expands Phoenix Portfolio

Stockdale Capital Partners has acquired a 371,937 square foot, class-A medical laboratory and creative office building in the Scottsdale Airpark submarket. The property is formerly known as the Henkel Corporate Center. The sales price was not disclosed.

Located at 7201 East Henkel Way in Scottsdale, the property was originally developed as a build-to-suit for Henkel’s North American headquarters in 2009. Stockdale is planning a multi-million dollar rebranding and cosmetic improvement of the asset to enhance the building’s appeal to technology and life science users. With the repositioning, Stockdale will be able to meet pent-up and growing demand by life science and technology tenants in an area with a low availability rate.

The property will be available for lease for the first time ever and features large, open floorplans; a one-of-a-kind rooftop amenity deck and ready-for-use medical lab and R&D space that is already beginning to lease.