TBBG Investments acquired 27th Avenue & Baseline, a 2.91-acre land site located at the southwest corner of 27th Avenue and Baseline Road in Phoenix, Arizona.
The investment was sourced through an off-market opportunity, allowing TBBG to secure the site at an attractive basis.
TBBG executed a short-duration hold strategy, leveraging market knowledge and transaction expertise to reposition the asset and capture value through a subsequent disposition.
The transaction demonstrates TBBG’s ability to identify mispriced opportunities and efficiently execute on opportunistic investments within targeted submarkets.
Investment Highlights
• 2.91-acre infill land site in Phoenix, Arizona
• Sourced through off-market opportunity
• Acquired at attractive basis
• Short-duration hold with efficient execution