Palisades Private Capital Fund I (PPCFI) , a $50-million fund sponsored by Palisades Mexico Partners (PMP), has acquired Chandler Corporate Center II, a two-story, 68,443-square-foot office asset in Chandler, Arizona. The building is located adjacent to PPCFIs Chandler Corporate Center I, acquired in July 2014 and situated on 7.24 acres at 585 North Juniper Drive, northwest of Chandler Boulevard and McClintock Drive.

We are extremely optimistic about this location in the Southeast Valley area of the Phoenix metropolitan area, specifically Chandler with its improving economy. The addition of this building, next door to our Chandler I acquisition that was completed in July of last year, creates valuable synergies between the two adjacent properties,” said de Monet. “We are moving fast to generate scale to our Arizona portfolio, and have another property in Phoenix closing next week,” he added.

Built in 2009 and sited on 8.75 acres, Chandler Corporate Center II, and Chandler Corporate Center I, built in 2008, are both LEED-certified for sustainability.