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Arch Street Enters PHX Market with GoDaddy Buy
Greenwich, CT-based Arch Street Capital Advisors, LLC acquired El Dorado Tech Center in Gilbert, AZ, on behalf of an institutional client, reportedly Dubai-based BMA International. The 180,480-square-foot, Class A office property is 100% leased to GoDaddy.com and was sold by Everest Holdings, for a reported $39 million.
Scottsdale, AZ-based GoDaddy is currently completing a comprehensive capital program to enhance the two-story building, transforming it into a state-of-the-art, creative technology office to complement its existing corporate footprint within the Phoenix MSA.
Arch Street’s Damian Taylor says, “We are pleased to enter the thriving Phoenix tech office market with the purchase of a high quality, well-located asset like El Dorado Tech Center.”
El Dorado Tech Center is located in the heart of the Chandler/Gilbert submarket at 2299 West Obispo Ave., on a roughly 13-acre site.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition