JLL Capital Markets announced today that it has closed the $266 million sale of six Class A office assets totaling 1.247 million square feet in Phoenix, Arizona.

JLL represented City Office REIT, Inc. (NYSE: CIO) in the sale of the properties to Southwest Value Partners. The transaction is the first closing in the sale of City Office REIT, Inc’s. Phoenix portfolio, which also includes Pima Center that is expected to close at a later date, subject to the company obtaining certain approvals related to the property’s ground lease.

The portfolio consisted of the following six properties located throughout the Phoenix metropolitan area: Property Address Submarket Square Feet Block 23 101 E Washington St. Downtown 307,000 SF 5090 N 40 th St. 5090 N 40 th St. Camelback Corridor

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