New owner of Freeport-McMoRan tower, Foundation 8, plans revamp, secures $44.5M loan

Office

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Phoenix Business Journal

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• Subcategory: Property Management, Renovation, Strategy

• Tag: Office: Highrise

• Additional Filters-Tags: Newmark Group (Nasdaq: NMRK), Trillium Residential

Highlights
Foundation 8 LLC closed a $44.5 million loan to renovate the 333 N. Central Avenue tower
Freeport-McMoRan terminated its lease at the tower in May 2026
Foundation 8 plans to reposition the office space for multiple tenants instead of one anchor user

Foundation 8

Izhak Ben Shabat | Managing Partner

ishabat@gmail.com

(480) 295-7600

Trillium Residential

Ken Losch | Principal/Co-Founder

ken@kennethlosch.com

480-921-2755