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28 May2020

Commercial Properties Inc./CORFAC International Closes Investment Sale in Scottsdale, Arizona

Commercial Properties, Inc./CORFAC International, Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the investment sale of Mesquite Corporate Center, a 79,537 square foot, two-story, Class A office building in Scottsdale, Arizona.  

The Ron Schooler and Ken Elmer Team from CPI’s Scottsdale office represented the buyer, Valwood Mesquite LLC. Ken Elmer commented, “Our buyer was seeking opportunities to place capital in the Scottsdale Marketplace and through our diligent process we were able to identify this off-market opportunity”.

Located in Kierland just south of Greenway Parkway and west of Scottsdale Road at 14646 N Kierland Boulevard, this Class A office building overlooks the Westin Kierland Golf Club course and is within walking distance to multiple upscale restaurants and retail amenities at Kierland Commons and just minutes from the Scottsdale Quarter, an open-air shopping center, and Scottsdale Airpark.

Valwood Mesquite LLC purchased the building for $19,471,000/$244.80 PSF.

For additional information, please contact Ron Schooler at 480.522.2770 or Kenneth Elmer at 480.522.2778.

About Commercial Properties Inc./CORFAC International
Established in 1981, Commercial Properties Inc. (CPI) is a full-service brokerage and property management firm for all product types of commercial real estate. Headquartered in Tempe, the company has more than 60 brokers and is operating throughout the Phoenix metropolitan area. Currently, CPI's listings include over 21.6 million square feet for sale/lease with more than 197 projects and associations under management, totaling over 12.8 million square feet. 

 

MEDIA CONTACT

Patricia True Agos
773-758-5044
patricia@ktpronline.com

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Locally Owned. Globally Connected

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 50 offices in the U.S., 4 in Canada and 17 in international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Mexico, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and the United Kingdom. CORFAC offices annually complete more than 10,000 lease and sales transactions totaling over 620 million square feet of space valued in excess of $8.2 billion.