December 2025
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FOUNDERS PROPERTIES SELLS 64,000 SQ. FT. PHOENIX, AZ MULTI-TENANT OFFICE PROPERTY
Sale closes Income Fund IV
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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.
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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.
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“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.
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In 2019, Founders shifted their acquisition focus to industrial assets only, with a focus on infill industrial properties less than 300,000 sq. ft.
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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.
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Founders’ emphasis on portfolio diversification and opportunistic strategies has guided each fund, providing strong, consistent returns.
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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