PHOENIX, ARIZONA (Sept. 21, 2026) — The new owner of the Phoenix office tower portion of 333 N. Central Avenue in downtown Phoenix has secured a $44.5 million loan to renovate and reposition the property for a broader mix of tenants.
The 26-story tower was built in 2010 and served for years as the headquarters of mining giant Freeport-McMoRan, which occupied eight floors totaling approximately 250,000 square feet. The company began vacating its space during the COVID-19 pandemic and formally terminated its lease in May, according to Maricopa County records.
The lower portion of the building contains the 242-room Westin Phoenix Downtown hotel and was not included in the office sale…