A partnership led by Holualoa Companies and David Walter of DWRE has acquired Thunderbird 101, a multi-tenant office park in Peoria, Arizona. The buyer group paid $19,700,000 for the 143,000-square-foot property, which is located at 14100 North 83rd Avenue. The acquisition adds a sizable suburban office asset to the partnership’s portfolio in a location with established commercial and institutional demand drivers.
CBRE played a central role in the transaction, identifying the buyer group and working with the parties to assemble both equity and debt capital through closing. On the disposition side, CBRE’s Geoffrey Turbow and Anthony DeLorenzo represented the seller in the sale of the property. The deal underscores the continued involvement of full-service brokerage and advisory platforms in coordinating capital stacks and transaction execution for office assets.
Thunderbird 101 was built in 2005 by McShane Construction and is configured as two, two-story office buildings situated on 10.9 acres. The property totals 143,000 square feet and is designed for multi-tenant occupancy, with a variety of suite sizes that can accommodate users in health care, financial services, real estate and other professional services. The site includes 718 parking spaces, supporting both patient- and client-facing uses as well as traditional office tenancy.
Post-closing, CBRE’s Property Management group will take over management of Thunderbird 101, providing day-to-day oversight of operations at the office park. On the leasing side, CBRE professionals Ashley Brooks and Jasmina Bays will lead marketing and leasing efforts for the buildings. Their role will focus on maintaining and expanding the tenant roster across the property’s multi-tenant footprint.
The office park benefits from proximity to several major transportation and amenity nodes in Peoria’s Arrowhead area. Thunderbird 101 is near Loop 101, West Thunderbird Road and North 83rd Avenue, providing regional connectivity for tenants and visitors. The location also offers access to Arizona State University’s West Valley campus and State Farm Stadium, as well as nearby retail and dining amenities distributed throughout the Arrowhead area. These regional anchors support the property’s positioning as a professional-services hub within a broader mixed-use environment.
With institutional property management and leasing now in place, Thunderbird 101 is set to continue operating as a multi-tenant suburban office destination serving a mix of health care, financial and professional-services users drawn to the Arrowhead area’s access and amenities.
