TEMPE, AZ-Westport Capital Partners LLCacquired the 220,000-square foot Agave Center, boosting its Arizonaportfolio to more than 670,000 square feet. With thiscommercial real estate transaction, the SouthernCalifornia buyer now owns three single-story office buildings, atwo-story office building, a flex industrial building and close tofive acres of developable land.

Situated on a 27-acre parcel near Warner Road and Interstate 10,Agave Center is more than 80% occupied. “Westport continuesto add attractive, functional assets to our national portfolio thatare in strong performing markets,” says SeanArmstrong, principal and portfolio manager with Westportin a press release. “This is our fourth investment in the Phoenixarea, which continues to be a highly attractive market for ownersand companies seeking a business-friendly environment.”

Dennis Desmond and BrianAckerman of Jones Lang LaSallerepresented both the seller and buyer in the acquisition. JonesLang LaSalle had the co-listing with Mark Gustinof Cushman & Wakefield of Arizona Inc.According to Desmond, the portfolio attracted good buyer interestduring its marketing period.