Workspace Property Trust has sold a 238,000-square-foot office campus on the north side of Phoenix to Wentworth Property for $26.7 million. The transaction transfers control of a two-building office complex positioned near the rapidly expanding Taiwan Semiconductor Manufacturing Company (TSMC) campus, a growing employment hub in the area.
The property consists of two three-story office buildings, each designed with 39,750-square-foot floor plates that support flexible layouts for a range of tenant requirements. Originally constructed in 2001, the buildings are described as offering configurations that can be adapted for different occupier profiles, from traditional office users to teams seeking a mix of collaborative and individual workspaces.
On-site amenities include a fitness center equipped with locker rooms, a large kitchen area, electric vehicle charging stations, and multiple indoor and outdoor work areas intended to support both individual and group use. The campus also features loading docks, which broaden its potential utility for tenants that require light distribution or enhanced back-of-house capabilities in addition to office space.
The office campus is located along the Interstate 17 frontage road, providing direct highway visibility and access. Its proximity to the TSMC campus positions the property near one of the region’s most prominent advanced manufacturing investments, potentially increasing its appeal to companies tied to the semiconductor supply chain as well as service providers supporting that ecosystem.
CBRE’s Jim Bayless and Ashley Brooks, Jr. advised on the transaction and have been retained to handle leasing on behalf of Wentworth. Their role includes marketing the space and structuring leases aimed at capturing demand from both existing and prospective tenants in the corridor. Wentworth Property Management will oversee day-to-day management of the campus, coordinating building operations and tenant services.
Wentworth plans to undertake additional enhancements to the campus as part of its post-acquisition strategy. Announced upgrades include a full mechanical engineering overhaul, which is expected to modernize building systems, along with new food, wellness, and training amenities. These improvements are intended to elevate the tenant experience and align the property more closely with current workplace expectations around amenities and building performance.
The transaction underscores continued investor interest in well-located, amenitized office assets in proximity to large-scale employment drivers. By combining an established office footprint, amenity base, and access to Interstate 17 with a program of targeted capital improvements, the buyer is positioning the campus to compete for tenants seeking upgraded space on Phoenix’s north side.
