Grace Court

Grace Court, Phoenix, AZ

Property Overview

Through a joint venture, KBS Strategic Opportunity REIT II acquired a 90% equity interest in Grace Court, a Class A business park consisting of four buildings and a five level parking garage in the Phoenix central business district (CBD).

With a total of 310,886 rentable square feet, Grace Court has three office buildings ranging from two to six stories that were built between 2003 and 2008, and a historical school house built in 1911 and fully renovated in 2006.

Grace Court has been awarded the Energy Star label for its superior energy efficiency and best practices management.

Investment at a Glance

  • Location: Phoenix, AZ
  • Acquisition Date: Oct 3, 2017
  • Purchase Price: $33,300,000
  • Year Built: 2003, 2007, 2008, 1911/2006
  • Square Footage: 310,886 SF
  • Number of Buildings: 4

$33,300,000

Total Purchase Price

310,886

square feet

Total Rentable Area

Class A

Building Class