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Investor Buys Stake in Phoenix’s Second-Tallest Tower

Deal Marks Investment Firm’s First Foray Into the Market

A joint venture has acquired downtown Phoenix's U.S. Bank Center office tower with plans to renovate it. (CoStar)
A joint venture has acquired downtown Phoenix's U.S. Bank Center office tower with plans to renovate it. (CoStar)

Real estate investor Black Salmon has acquired an interest in the U.S. Bank Center in downtown Phoenix, a 31-story tower that is second in stature only to the nearby Chase Tower, Arizona's tallest building.

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