Parallel Capital Nabs $20M Scottsdale Office Asset
ByKierland Corporate Center
Phoenix—San Diego-based Parallel Capital Partners has announced the purchase of Kierland Corporate Center in Scottsdale, Ariz. The Class A office complex traded for $20 million, being sold by Bataa/Kierland II LLC.
“The center is situated in an ideal Scottsdale location in the 730-acre Kierland master planned community – considered one of the best addresses in metro Phoenix – with outstanding tenant demand as well as close proximity to a wealth of housing, dining, retail, resorts and entertainment options. We are thrilled to expand our presence in the Phoenix area – one of the fastest growing cities in the nation and home to six Fortune 500 companies,” said Matt Root, CEO with Parallel Capital Partners, in a prepared statement…