Evolving Office Submarket Attracts Vancouver Developer

by Mike Hunter

Townline Ventures has acquired its first Phoenix office asset with the purchase of the recently modernized 20-story midtown office tower located at 2600 N. Central Avenue, the sale negotiated through Colliers International in Arizona. In addition to its current land holdings in Arizona, the Vancouver-based company purchased 2600 Tower as part of its continuing efforts to acquire income-producing assets in the Phoenix market with strong potential for repositioning. “Townline is working with local architecture firm RSP Architects to reimagine the office building as the Midtown office market continues its resurgence,” says Geoff Matthews, Townline acquisitions manager.

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