Fountainhead Corporate Park

Tempe, AZ

Acquired February 2020

At a Glance

A 300,000 square foot, two-building Class A office portfolio comprised of two 6-story buildings located in the Phoenix, Arizona submarket of Tempe.

Investment Rationale

  • Arizona’s economy ranks 2nd in the nation for job growth, 3rd in the nation in GDP growth, and 4th in fastest growing states in the US.

  • Tempe is Phoenix’s top performing office submarket posting vacancy rates in the single digits over the past 8 years and hitting an all-time low of 3.3% in 2019.

  • The property is located within a master-planned environment that contains Class A office space, multifamily communities, retail and hotels, and is leased to a diversified mix of investment-grade tenants

  • Acquired at a significant discount to new construction costs in the Phoenix market following recent major capital refurbishments that included renovations of lobbies, common areas, elevators and roof replacements.

Property Gallery


Fountainhead Corporate Park Map