- TYPE OF ASSET: Class A Office Building
- ADDRESS: 101 N 1st Ave. Phoenix, AZ 85003
- YEAR BUILT: 1976. Renovated in 2021.
- SIZE: 375,862 SF
101 North 1st Ave is an iconic Class A office building located in downtown Phoenix, across the street from one of the downtown stops of the city’s light rail system. The asset consists of a 31-story office tower with six floors of parking and a separate 7-story parking structure over ground floor retail.
Phoenix’s CBD is undergoing a historical transformation. More than four billion dollars have been invested in the city’s urban center since 2006. Such civic improvements include the completion of the light-rail system, the expansion of the Phoenix Convention Center, and the creation of a downtown campus for Arizona State University (ASU).