Grace Court

Grace Court, Phoenix, Arizona

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: October 3, 2017

Purchase Price: $33,300,000

Year Built: 2003, 2007, 2008, 1911/2006

Square Footage: 310,886 SF

No. of Buildings: 4

$33,300,000 Total Purchase Price
310,886 square feet Total Rentable Area
Class A Building Class