4210 at
The Grove

Trophy office development in the heart of Arcadia.

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Overview

4210 at The Grove is a high-profile Class AAA office development in a trophy location. The Grove, a $400 million, 750,000 SF mixed-use destination site is located at one of the most high-profile intersections in Phoenix. The campus combines Class AAA office space; The Global Ambassador, a first-ever boutique hotel by noted restaurateur Sam Fox; unique upscale retail and dining venues and luxury residences by StreetLights Residential. The Grove is also home to the state-of-the-art Phoenix Suns and Phoenix Mercury training facility. As the last remaining development opportunity at soon-to-be-completed The Grove, 4210 is positioned to achieve record rents. This 45,000 SF office building will have four levels, including abasement and rooftop deck.

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Key investment information

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Project Cost
$24,500,000
Total Equity Raise
$13,000,000
LTC
49%
Development Partner
Hibernia
Architect, Designer,
General Contractor
LGE Design Build
Leasing Broker
JLL
Close on Land
July 2023
Permit Issued
December 2023
Certificate of
Occupancy
December 2024
Preferred
Return
8%
Split Thereafter
65%
Projected 3 Year IRR
27%
Projected 3 Year
Total Return
98%
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Opportunity highlights

  • Located in the #1 MSA in population growth over the next 10 years.
  • Arizona’s job growth is projected to outpace the nation and add over 720,000+ new jobs through 2030.
  • Other office building in The Grove was 100% fully leased prior to completion.
  • The hottest corner in Phoenix, 44th Street and Camelback Road.
  • WhiteHaven is joined by some of the most established firms in their respective fields including Hibernia Capital Advisors, LGE Design Build, and JLL.

- Located in the #1 MSA in population growth over the next 10 years.

- Arizona’s job growth is projected to outpace the nation and add over 720,000+ new jobs through 2030.

- Other office building in The Grove was 100% fully leased prior to completion.


- WhiteHaven is joined by some of the most established firms in their respective fields including Hibernia Capital Advisors, LGE Design Build, and JLL.

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