Investment Details

Tempe One

Property Class:: B
Number of Stories:: 1
RSF:: 215,889
Parking Ratio: 1274 (5.90 : 1,000 sf)
Location: Tempe, Arizona
Property Type: Office
Closing Date: 2007
 

Constructed in 1979, Tempe One consists of two single-story buildings that are currently utilized as a call center for IKON Office Solutions and until recently as a call center and online support services for The University of Phoenix. The site is situated in the northwest portion of Tempe - one of the most sought after submarkets in the Phoenix Metropolitan Area - near both Arizona State University and the Phoenix Sky Harbor International Airport.
Greenstreet will be implementing a redevelopment plan and an aggressive marketing strategy to attract high quality tenants. The repositioning will include added windows and signage, an improved parking lot and landscaping. The Property’s parking ratio of 5.9 spaces per 1000 sq. ft. provides a strategic advantage over competing buildings.
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