Tryperion acquired the 1.1M SF, five-building office portfolio at 68% occupancy. The portfolio is adjacent to the 100% occupied Fashion Mall at Keystone, the MSA’s premier shopping destination anchored by Nordstrom and Apple. The business plan includes overhauling and expanding amenities, reimagining building exteriors, improving common areas, replacing aging building systems, and launching an aggressive leasing campaign with competitive tenant improvement packages, which the previous owner could not offer.

Tryperion acquired the 254,000 SF, five-building, single-story flex office complex at 60% occupancy. The seller, a large pension fund, had refused to fund tenant improvements or invest the necessary capital to attract tenants. The business plan focused on enhancing the property’s curb appeal and aggressively leasing the remaining vacancies with competitive tenant improvement packages.

Tryperion acquired the 105,000 SF property in the heart of downtown Chandler, one of the most walkable office locations in the Phoenix MSA. The property was 95% leased at acquisition, with a 60% anchor tenant paying below market rent. The business plan focused on driving rental rate increases through targeted capital improvements to align the building with the growth and energy of the submarket.

Tryperion acquired the 85,000 SF flex office complex at 79% occupancy. The business plan focused on improving the property’s curb appeal, building spec suites and aggressively leasing the remaining vacancies.

Tryperion acquired the value-add 77,000 SF office building in the Phoenix MSA at 59% occupancy. The business plan focused on increasing occupancy through common area upgrades and a proactive spec suite program.

Tryperion acquired the REO 88,000 SF office building at 62% occupancy. We increased occupancy and rental rates through common area upgrades and construction of move-in-ready spec suites, targeting small tenants in a small tenant-dominant submarket.