A New York investor made its first office purchase in greater Phoenix, paying $43 million for a five-story building in Paradise Valley, a northeast suburb poised for commercial growth with office prices and rents that are among the most affordable in the city.
New York Investor Enters Phoenix Office Market With $43 Million Purchase
New Owner Plans Renovation of Five-Story Building in Paradise Valley Suburb
CoStar News
May 27, 2022 | 9:16 P.M.
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IN THIS ARTICLE
- Properties
- Atria at Paradise Valley
11811 Tatum Blvd, Phoenix, AZ
- Companies
- Time Equities, Inc.
Real Estate
- Lincoln Property Company
Real Estate
- Contacts
- Keaton Baum
Acquisition and Asset Management Analyst, Time Equities, Inc.
- Aaron Medeiros
Director of Acquisitions and Policy, Time Equities, Inc.