The new owner of office buildings in north Phoenix is banking on the redevelopment of the Metrocenter Mall.
Lake Biltmore Corporate Center is undergoing a multimillion renovation to redesign the common areas, conference rooms, corridors, lobbies, staircases and make improvements to the building's infrastructure and a renovated employee break area.
The office complex totals, which was constructed in 1984, 102,000 square feet in two glass-clad, two-story buildings at 11022 and 11024 N. 28th Drive in Phoenix on 6.86 acres. Title companies, real estate brokerages, law firms and accounting agencies, make up the tenant mix at the office buildings.
The renovations will lean into a nautical theme inspired by water, sand and sky, mixing quartz, tile and natural wood materials, according to a news release. The exact cost of the renovations was not disclosed.
WJM Enterprises LLC, an entity connected to HCD Consulting, acquired the office buildings February 2022 for $11.5 million from Gammaville LLC, according to an affidavit of property value recorded in Maricopa County.