Foundation 8 Secures Major Financing for the Downtown Phoenix Office Project

Foundation 8 Secures $44.5 Million Financing for 333 N Central Avenue

Foundation 8, LLC has announced a significant $44.5 million loan closing with Hilco Global Real Estate Capital for a prominent office building located at 333 N Central Avenue in Downtown Phoenix. This financing will be pivotal in repositioning the property, transforming it from a traditional single-tenant corporate headquarter to a dynamic multi-tenant office space.

The property, which spans 246,490 square feet over the top eight stories of the tower, also includes a ground-floor retail space of 2,522 square feet, and substantial rooftop amenities. Approximately 242 keys are added by a Westin Hotel that occupies the middle portion of the building, enhancing the overall value of this mixed-use development.

Foundation 8 acquired this office segment in December 2025, and since that time, the firm has been working on a robust leasing strategy aimed at leveraging the prime location's appeal and the growing demand for high-caliber office environments in the Phoenix area. Initially constructed for Freeport-McMoRan, the property boasts exceptional features such as expansive floor plans, floor-to-ceiling glass windows, panoramic views of the bustling downtown skyline, and top-notch institutional-grade building systems.

In collaboration with Newmark, Foundation 8 is leading the leasing initiatives for this premium property, positioning it as a leading office destination in Downtown Phoenix. Plans also include enhancing the existing amenities, solidifying its standing as one of the top-tier office options in the market.

Foundation 8 views 333 N Central Avenue as a prime investment opportunity matching its strategy—aligning high-quality real estate with attractive financing terms while creating additional value through dedicated execution. A statement from the firm underscores how this financing aligns perfectly with their business strategy—transforming the previously single-tenant headquarters into a vibrant multi-tenant office experience.

Noah Apter from Hilco Global praised Foundation 8’s strategic thinking and experience, highlighting the physical asset's quality and the firm’s groundwork for success. With this financing in place, Foundation 8 is set to initiate the next phase of its business plan, ushering in a new chapter for 333 N Central Avenue amid the ongoing growth of Downtown Phoenix.

The 333 N Central Avenue tower was completed in 2010 and is strategically located in the heart of the Downtown Phoenix business district, granting its occupants direct access to the Valley Metro Light Rail and proximity to the Phoenix Convention Center, Chase Field and a vibrant array of residential, dining, and entertainment venues.

This transaction not only underscores Foundation 8's ongoing focus on intricate real estate investments but also demonstrates Hilco Global's commitment to providing flexible capital solutions tailored for transitional properties in high-demand areas.

About Foundation 8

Foundation 8, LLC is a Phoenix-based real estate investment and development firm formed through a collaboration of GIA Hospitality, LLC and Trillium Management LLC. The company targets complex acquisitions, repositioning, and development projects, employing disciplined investment practices combined with proactive asset management efforts to foster long-term value across various property types including office, multi-family, hospitality, and mixed-use developments.

About Hilco Global

Hilco Global, a subsidiary of ORIX Corporation USA, specializes in comprehensive financial services and capital solutions that maximize client value across diverse sectors including real estate, retail, commercial and industrial spaces. The company provides strategic advice and tailored capital solutions to both thriving and distressed companies, enhancing enterprise value and ensuring favorable outcomes for its clients worldwide.