PHOENIX – Cassidy Turley Arizona represented ViaWest Group in the $10.1 million purchase of Chandler Midway Corporate Center. Scott Baumgarten, Tyler Wilson, CCIM and Mark Stratz with Cassidy Turley Arizona’s Office group represented the Phoenix-based real estate investment firm in their purchase. The seller was Chandler Midway Limited Partnership.
“For ViaWest, the purchase of Chandler Midway Corporate Center presented them with the opportunity to own a newer, Class A office project in the heart of the growing Chandler office submarket,” according to Baumgarten. “The building offered both an established income with an existing lease and the opportunity for adding value through the successful leasing of the remaining space.”
Chandler Midway Corporate Center, 5650-5740 W. Chandler Blvd., is a ±139,800-square foot mixed-use office and office condominium office project. Built in 2007 and 2008, the purchase includes two Class A, multi-tenant office buildings that are ±55,900 square feet each and ±30,000 square feet of office condominium. The office buildings, with for lease space, were 71 percent (5710 W. Chandler Blvd.) and zero percent (5670 W. Chandler Blvd.) occupied at the time of sale. The office condominiums are available for sale.
For additional information on Cassidy Turley Arizona call 602.954.9000 or visit www.ctarizona.com.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,700 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.
Cassidy Turley provides regional real estate services with local market leader Cassidy Turley Arizona. The company offers brokerage investment and advisory services in office, industrial, retail, multi-family, land and property management. The firm has completed over $9.8 billion in transactions since 2003 and was the No. 1 ranked Commercial Real Estate Brokerage Company in the Phoenix Business Journal’s 2010 and 2012 Book of Lists. For more information on Cassidy Turley Arizona visit www.ctarizona.com or call 602.954.9000.