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13-Acre Scottsdale Creative Campus Sold for $51M
Denver-based EverWest, in partnership with Chicago-based WHI Real Estate Partners L.P. and co-developer George Oliver Companies, sold The Quad in Scottsdale, AZ to Vancouver-based City Office REIT for $51 million. The 166,606-square-foot creative office campus includes 14 modern, multi-tenant buildings that are 98% leased.
EverWest’s Amr Ceran says, “The Quad is one of the most unique office properties in Scottsdale, representing a collaboration between some of the most successful office renovation experts in the industry.”
The $23-million redevelopment project reformed a 1982-built executive suites campus on 13.41 acres at 6200 – 6390 E. Thomas Rd., into a next-generation creative office community. The property features a connected design, efficient floor plates, fitness center with showers, on-site restaurant and coffee bar, community lounge/conference center, pet friendly environment, walking/biking paths, and WiFi.
NKF Capital Markets’ CJ Osbrink, Kevin Shannon, Ken White, Paul Jones, Brunson Howard and Rick Stumm represented the sellers. The buyer was self-represented.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition