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Cushman & Wakefield Advises Sale of Agave Corporate Center in Tempe, AZ for $16 Million

10/20/2020
TEMPE, Ariz., October 20, 2020 – Cushman & Wakefield announced today the firm has brokered the sale of the Agave Corporate Center, an 86,115-sf multi-tenant office property located in the heart of Tempe, Arizona.

Agave Corporate Center

The buyer was Agave Center OR, LLC, an entity formed by Dallas-based real estate investment company, CAMCO. The seller was DIG Agave Center, LLC, an entity controlled by Dornin Investment Group. The asset was 95% occupied at the time of sale and traded for $16 million.

Mike Coover, Eric Wichterman, Keith Lambeth and Patrick Schrimsher with Cushman & Wakefield in Phoenix represented the seller in the transaction.

“Agave Corporate Center is a high-quality asset with stable income supported by a well-diversified tenant roster,” said Mike Coover, Managing Director. “The location provides superb access within the coveted Southeast Valley labor pool—nationally known for its dense, and highly-educated population. Furthermore, Tempe is among the most prestigious and sought-after office markets in Metro Phoenix.”

Built in 2000, the Agave Corporate Center is located at 1711 W Greentree Dr. and is situated on a large, more than 6-acre parcel. The location provides immediate access to Interstate 10 and additional access from the new Loop 202 and Superstition Freeway (SR-60), each two miles from the property. A top-tier amenity package consisting of over 8 msf of retail amenities, including two malls, is within a short distance, while affluent, executive residential communities also surround the location.

About Cushman & Wakefield 

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

Contact/Author

Joshua Deale San Diego Communications Manager
Joshua Deale

Communications Manager • Costa Mesa

Mr. Deale leads strategic media relations and thought leadership efforts for the West Region markets, and oversees their online presence including managing article and social media efforts.

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