545,000 square feet of Class A Valley offices go on the market

Article originally posted on Phoenix Business Journal on July 6, 2026

Three Class A offices totaling 545,000 square feet have been listed for sale in the Phoenix metro as the market continues to recover post-pandemic.

Office buildings in Chandler, Scottsdale and Phoenix have hit the market as office vacancies decline, rent prices climb, companies relocate to the metro and more employees return to the office. The three listings — being represented by Newmark brokers Barry Gabel, Chris Marchildon and CJ Osbrink — offer the latest test of investor appetite for premium Phoenix office assets.

• One Chandler Corporate Center at 350 N. McClintock Drive is a two-story, 117,394-square-foot office that was built in 2018. It’s near the Loop 101, Loop 202, Intel and Chandler Fashion Center. The building is fully leased by Dish Network and Allcat Claims Service, an insurance adjusting firm. It has a weighted average lease term of 4.5 years.

The property was bought in 2019 by an entity connected to Strategic Office Partners for $25.2 million.

• Northsight Corporate Center, at 14400 N. 87th St. in the Scottsdale Airpark, is the second listing. Vanguard signed a lease at the 136,862-square-foot building in 2023 to support its growing business needs. The company’s regional headquarters are located in an adjacent three-building office complex, and it has more than six years remaining on a triple net lease. The Pennsylvania-based financial services firm made a $5 million capital investment on the property and surrounding area and has plans to invest another $23 million on improvements to make this building an extension of its nearby headquarters.

VV Scottsdale Owner LLC acquired the Scottsdale property for $42.25 million in 2024 from CIM Group. The new owner is affiliated with real estate firm Vertical Ventures.

• The third Newmark listing is The Summit, a two-building, 280,904-square-foot office complex in Phoenix’s Piestewa Peak Corridor. One building at 7720 N. 16th Street is 163,393 square feet and the second building at 7740 N. 16th Street is 127,511 square feet. It’s near State Route 51, has two two-level parking structures and is 31% leased with a weighted average lease term of about five years.

Newmark is calling for offers on The Summit July 15.

PR Squaw Peak LLC acquired both sites for $67.3 million in 2018 from AR Squaw Peak, LLC.

Each property is attractive for demographics, access to labor and the freeway, proximity near retail, parking, the quality of construction, the length of the lease and tenant quality, said Marchildon, an executive managing director at Newmark.

“These are all really high-quality new buildings, newer vintage buildings that are very well located,” he said.

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