Nov
14
Phoenix Great American Tower Sells for $49M
ByThe property was sold by EverWest Real Estate Partners and American Realty Advisors and was acquired by DPC Cos.
Great American Tower
Phoenix—EverWest Real Estate Partners and American Realty Advisors have announced the sale of the Great American Tower, a landmark high-rise office building in midtown Phoenix. The property traded for $49 million and was acquired by Colorado-based DPC Cos., a privately held commercial real estate firm specializing in the acquisition and development of commercial real estate in the West.
“This is an exciting time to own and operate office space in the Central Avenue corridor. Tenant interest is strong, and there is still solid upside potential for landmark properties like Great American Tower,” Amr Ceran, senior director for EverWest, said in prepared remarks…
