Scripps Sale-Leaseback

Jones Lang LaSalle, Inc. ("JLL"), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in The E.W. Scripps Company Sale-Leaseback at 515 North 44th St (the "Property"), a 73,978 square foot studio facility featuring state-of-the-art broadcasting infrastructure, including dedicated studio spaces, control rooms, and a helipad. The Property has been owned and operated by Scripps since its inception and serves as the TV station and office for leading local news provider, KNXV (ABC15), and sister station, KASW (Arizona 61).

Located in the eastern part of Phoenix, Arizona, the Property is conveniently situated adjacent to the Arizona State Route 143 and Red Mountain Freeway (Loop 202) interchange and minutes from Phoenix Sky Harbor International Airport, providing excellent connectivity to the entire Phoenix Metro area. The surrounding area offers a rich amenity base, including easy access to Tempe's thriving entertainment district and best-in-class shopping centers such as Tempe Marketplace, Scottsdale Fashion Square, and Biltmore Fashion Park. The Property also benefits from proximity to Arizona State University's Tempe campus.

THIS ATTRACTIVE OFFERING PRESENTS INVESTORS WITH A MISSION-CRITICAL STUDIO FACILITY, OFFERING DURABLE CASH FLOW THROUGH A LONG-TERM ABSOLUTE NNN LEASE STRUCTURE SECURED BY ONE OF THE NATION'S LARGEST LOCAL AND NATIONAL TV NEWS AND ENTERTAINMENT PROVIDERS, THE E.W. SCRIPPS COMPANY.