Aug
25
Two-Building Office Complex in Tempe Sold by Cordia
ByThe Tempe submarket has been growing in leaps and bounds, leading to unsolicited deals such as the one completed by a three-party partnership.
1330 W. Southern Ave.
Phoenix—A two-building office complex in the Phoenix MSA recently changed hands for a total of $29.3 million. A partnership between Angelo, Gordon & Co., Douglas Allred Co. and David Warren acquired the asset from seller Cordia Capital Management. Part of the fast-improving Tempe submarket, the asset was acquired amid what is a very high demand market.
Located at 1330 W. Southern Ave. and 3001 S. Priest Drive in Tempe, the office complex consists of 250,000 square feet of space. Located on a 16-acre site in the South Tempe office submarket and offering proximity to the I-10 and U.S. 60 freeway, the asset is close to shopping and dining destinations, making it attractive to prospective owners…
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