The Arrowhead Executive Center, an eight-building, roughly 101,400-square-foot office campus sitting directly across from Arrowhead Towne Center in Glendale, changed hands this week in a deal valued at $25.25 million. The buyer, Baseline Partners, plans to keep the campus in straight office use, leaving its mix of medical and traditional tenants in place. The trade ranks as one of the larger suburban office sales in the West Valley this year and highlights that investors are still hunting for well-located small-suite campuses.
As reported by Phoenix Business Journal, Baseline Partners paid $25.25 million for Arrowhead Executive Center and indicated it will continue operating the property as office space. The outlet also noted that Cushman & Wakefield provided the marketing materials and images used to promote the sale.
Listing and offering materials available online describe the campus as eight single-story buildings totaling about 101,397 square feet on roughly 11.8 acres, with prominent frontage on 75th Avenue and ample surface parking, according to LoopNet. The LoopNet packet also notes the campus was about 94% leased at the time of the offering, with a tenant mix that includes medical and wellness users alongside more traditional office tenants.
Baseline Partners describes itself on its website as an Arizona-based investment manager focused on commercial real estate and related private funds, often targeting short-term, first-lien investments while actively managing assets. That profile suggests the firm can either hold Arrowhead Executive Center as a stabilized, cash-flowing property or pursue light value-add leasing and repositioning where market rents make sense.
Why Investors Still Like Arrowhead
According to a Q2 2026 office market report from Kidder Mathews, Phoenix logged positive direct net absorption and rising asking rents in the quarter, with northwest submarkets among the stronger performers. That backdrop, paired with Arrowhead Executive Center's location, medical-tilted tenant base and quick access to the Loop 101, helps explain why buyers are still circling a visible, small-suite suburban campus like this one.
The property's drive-up access, surface parking and small-suite configuration make it adaptable to medical or wellness occupiers, a conversion route many investors weigh when they look at suburban office, as noted in the LoopNet offering. Its proximity to retail and restaurants at Arrowhead Towne Center also gives tenants a long list of nearby services, according to Arrowhead Towne Center.
For tenants and brokers in the West Valley, the sale is a reminder that both institutional and private capital are still active in select pockets of the Phoenix office market. With Baseline Partners keeping the asset in office use for now, day-to-day operations are expected to remain steady while the new owner weighs leasing strategies and modest upgrades aimed at capturing prevailing market rents.
