**Southwest Value Partners Acquires Seven Phoenix-Area Office Properties for $296M**
Southwest Value Partners (SVP) has acquired a portfolio of seven premier office properties located across Phoenix, Scottsdale, Tempe, and Chandler. The portfolio, sold by City Office REIT, encompasses more than 1.5 million square feet with an average occupancy of 80%.
Prior to this acquisition, SVP owned only one property in the Phoenix market—the Arroyo office complex in Tempe, which spans 450,000 square feet, according to the Phoenix Business Journal.
The newly acquired buildings vary in age, and SVP plans to undertake renovations across some of them. Planned improvements include upgraded fitness centers, advanced conferencing and training facilities, and enhanced on-site dining options including cafes.
City Office REIT had originally purchased the properties between 2016 and 2021, investing a total of approximately $445.1 million.
The portfolio consists of the following properties:
– The Quad
– Block 23
– 5090 N. 40th St.
– The Square
– San Tan Corporate Center
– Papago Tech
– Pima Center
This acquisition further strengthens SVP’s footprint in the Phoenix metro’s growing office market.
Additionally, for those interested in exploring trends impacting the multifamily sector, the upcoming “Multifamily in Transition: Owner & Operator Perspectives” panel at Connect Texas Multifamily will provide valuable insights. The event will be held on Thursday, August 28th at The Joule in Dallas. More details can be found at www.ConnectTXMF2025.com.
