Southwest Value Partners bets big on Phoenix offices with $296M acquisition

Article originally posted on Phoenix Business Journal on August 18, 2025

Seven office buildings across the Phoenix metro area amounting to 1.53 million square feet are trading hands in a $296 million deal.

Southwest Value Partners acquired key Class A properties in downtown Phoenix, Scottsdale, the Camelback Corridor, Tempe and Chandler from Canadian firm City Office REIT Inc., in a deal that closed this week. City Office REIT took steps to sell off the portfolio as a condition of a pending merger deal with a U.S. hedge fund.

Southwest Value Partners, which is based in Nashville, San Diego and Phoenix, is a privately-held real estate investment company. It also owns Arroyo office campus in North Tempe, which includes four buildings totaling 450,000 square feet. It now owns eight office buildings in the Phoenix area, totaling 2 million square feet of space.

The deal reflects SVP’s confidence in the ongoing return to offices.

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