Alter Asset Management (AAM) has been awarded the contract to provide comprehensive property management services for the 80-acre Corridors – Phoenix mixed-use park. Comprising four buildings totaling 164,410 SF, the park was recently acquired by Adler Realty Investments, Inc. Samuel F. Gould, President of AAM, made the announcement.
Adler Realty Investments, Inc. (Adler) is a real estate investment firm with over $750 million in acquisitions since its inception in 1996. Adler’s real estate portfolio currently consists of over 3 million square feet of office, retail, industrial and multi-family residential properties as well as land for development throughout the western United States.
“We are delighted to acuire buildings of this caliber and wanted to maintain the high level of care to our tenants,” said Alan Sher, Executive Vice President, Adler Realty Investments, Inc. “Alter Asset Management’s staff led by Judy Privett, Vice President of the Western Region, has been superb through the acquisition process, providing due diligence expertise and assuring continuity of service to our tenants.”
We are excited to continue to be the stewards of the Corridors-Phoenix portfolio,” said Gould. “The park continues to attract entrepreneurial and Fortune 500 businesses and it shows no sign of abating. Phoenix is expected to add 53,000 jobs annually between now and 2016, driving demand for Class A office space in the strategic Deer Valley submarket.”
Located on the southeast corner of I-17 and Pinnacle Peak Road, Corridors is just two freeway exits north of the Loop 101 Freeway.
Established in 1971, Alter Asset Management provides third-party property management and leasing services in selected markets for private investors. institutional and corporate , including such renowned firms as Northern Trust Bank, Harrison Street Real Estate, Sentinel Real Estate Corporation, and Washington Capital Management.