Wentworth Property Company Acquires Class A Office Campus In Phoenix For $26.75M

Wentworth Property Company, LLC has acquired a two-building office campus located at 25500–25600 North Norterra Parkway in Phoenix, AZ. This Class A office complex encompasses 238,500 square feet and has been purchased for approximately $26.8 million, translating to about $112 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $26,754,750
• Square Footage: 238,500
• Address: 25500 North Norterra Parkway & 25600 North Norterra Parkway
• Market: Phoenix, AZ
• Seller: Workspace Property Trust
• Brokers: Jim Bayless & Ashley Brooks - CBRE

The transaction reflects a strategic move by Wentworth Property Company, noting its acquisition near the TSMC site. Jim Bayless and Ashley Brooks from CBRE represented the buyer in this deal, facilitating the transaction and ensuring a successful completion for all parties involved.