Argosy Real Estate Partners Acquires CenterPoint on Mill
We are pleased to announce that in December 2019, Argosy Real Estate Partners IV, L.P., (“Argosy”) in partnership with Wexford Developments, acquired CenterPoint on Mill, a 125,497-square foot retail and office property located on South Mill Avenue in Tempe, Arizona. The South Mill Avenue and University Drive intersection, located adjacent to the property and Arizona State University, is a highly desirable retail and business location in Tempe with strong vehicle and pedestrian traffic. Built between 1993 and 1998, the property is currently 100% leased to a mix of entertainment, restaurant, and lifestyle retail tenants as well as a mix of marketing businesses, foundations, and law firms.
Argosy’s operating partner, Wexford Developments, is an experienced owner and operator of real estate across the United States and Canada. Founded in 2014 and with offices in Alberta, Canada and New York, Wexford has acquired over $400 million of real estate investments across several asset classes in the United States and Canada, with most of its U.S. investments located in Tempe. Wexford has significant experience and presence on South Mill Avenue in Tempe, having owned and developed a number of retail, office, and land investments within a few blocks of CenterPoint on Mill.