The RREEF Fund has purchased the Blackhawk Corporate Center office building in Phoenix.

The one-story, 14,000-sf building is 100% occupied and is located at the intersection of Interstate 17 and the Loop 101 Freeway, says Cindy Talmadge, of RREEF’s Chicago office.

“It is an excellent location,” Talmadge tells “It’s a growth area.”

Talmadge wouldn’t disclose the price paid to the seller, a private partnership known as Orsett 101 LLC. But the deal is a latest in a string of acquisitions that RREEF has made in the Southwest and on the West Coast.

Just last week, RREEF said it had agreed to buy the 800,000-sf Stadium Plaza business park in Anaheim, CA, for about $60 million from real estate investment trust giant Spieker Properties.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.