Janez Group expanded into the Phoenix area in December 2006 with the purchase of the Broadway Business Center for $16,150,000. Located on a 10.7 acre site, the 136,990 sf Center was built in 1974 and renovated in 1999. Tenants at the fully leased flex-office park include the City of Phoenix and corporate headquarters for Leslie’s Poolmart, Inc. Janez acquired the two-building, multi-tenant property through an affiliate, PCCP CS JANEZ Broadway LLC, in a joint venture with Pacific Coast Capital Partners, of El Segundo, CA. The seller, Colrich Broadway Investors, was represented by CB Richard Ellis investment brokers Glen Smigiel, Bob Young and Joe Porter. Janez represented itself. The Janez Acquisitions Team views the Broadway Business Center’s southeast airport location as a promising investment opportunity with strong upside potential.With employment in Phoenix outpacing the national average and a vacancy rate of less than six percent, the area is considered the largest back-office submarket in the city.