01/04/2018

Irgens’ Phoenix office announced the $10,350,000 sale of its Perimeter Center building at 17200 N. Perimeter Dr. Wan Hai Lines Ltd., an Asian shipping company, purchased the property to serve as its Arizona regional offices.

The Class A office building contains approximately 43,109 square feet of space. Irgens purchased the building in 2015 and undertook a major renovation to the common areas and the site improvements.

The repositioning led to strong leasing activity that increased occupancy from 45% to 100% in six months. Irgens reconfigured the site, gaining efficiency and allowing the company to retain a 2.4 acres of the original 6.54-acre site for development of a 50,000-square-foot office building in 2018.

Irgens continues to actively seek strategic acquisition and development opportunities to add to its growing portfolio of commercial and medical offices in the greater Phoenix metropolitan market.