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Captiva Partners, a real estate investment and operating firm specializing in industrial and flex properties across the West Coast, is proud to announce the off-market acquisition of a 40,075-square-foot multi-tenant small-bay industrial property located at 2209-2211 W 1st St in Tempe, Arizona, marking its entry into the Phoenix market.

Captiva plans to rebrand the property as First Street Commerce Center and implement a comprehensive value-add business plan to elevate its appeal and functionality. Planned enhancements include new signage, refreshed landscaping, exterior painting, and upgraded interiors, reflecting Captiva’s commitment to meeting the needs of today’s tenants seeking high-quality, flexible spaces.