Nov
10
Broe Real Estate Group Sells $14M Tempe Office Asset
ByThe 90,000-square-foot office campus underwent $4 million in renovations during the past year.
Tempe 10/60 Corporate Center
Tempe, Ariz.—Broe Real Estate Group, a leading investment manager of commercial real estate assets affiliated with The Broe Group, alongside Greenlaw Partners, a California-based real estate operating company, have closed the sale of the Tempe 10/60 Corporate Center in Tempe, Ariz., for $14.3 million.
“We originally purchased the property directly from a major special servicer in April 2014 for $3.5 million, and immediately began a $4 million renovation and property reposition, which created significant competitive advantages, and helped to drive robust, near-term leasing success,” Doug Wells, CEO of Broe Real Estate Group, said in a statement…
