December 2025
FOUNDERS PROPERTIES SELLS 64,000 SQ. FT. PHOENIX, AZ MULTI-TENANT OFFICE PROPERTY
Sale closes Income Fund IV
Founders Properties sold 5416 East Baseline Road, a 64,000 sq. ft., two-story stabilized office property in Phoenix, Arizona. This sale closes the investment manager’s Income Fund IV, a $155 million, 13-building industrial and office property fund. The buyer was ViaWest Group, a leading Phoenix-based real estate investment, development and management firm.
The property was 95 percent leased at the time of sale in mid-December. Newmark Executive Managing Directors Barry Gabel, Chris Marchildon, and CJ Osbrink marketed the asset for sale.
“With Fund IV, we focused on well-located, stabilized industrial and office properties in the Southwest, Southeast, and Midwest. This portfolio produced stable cash flow and provided strong returns to our investors,” said Kim Hofstede, president – Founders Properties.
In 2019, Founders shifted their acquisition focus to industrial assets only, with a focus on infill industrial properties less than 300,000 sq. ft.
Focusing on the Southwest, Southwest, and Midwest, the company currently targets markets that have strong transportation hubs in business-friendly, affordable cities, and are experiencing net population inflows.
Founders’ emphasis on portfolio diversification and opportunistic strategies has guided each fund, providing strong, consistent returns.
About Founders Properties
Headquartered in Minneapolis, Founders Properties is a privately held real estate investment management company. Founders has been investing in private commercial real estate for 25 years on behalf of high-net-worth and institutional investors. The firm currently manages $1 billion in real estate assets with a focus on industrial properties. For more information, visit www.FoundersProperties.com
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Media contact:
Martha Nevanen
651-492-5861