Credit Union Pays $17M for Former Honeywell Office

Alaska USA Federal Credit Union acquired a 185,000-square-foot office project in Glendale, AZ’s Talavi Business Park. The buyer paid $17.2 million for the asset, which is located at 5551 W. Talavi Blvd. The two-story structure, once occupied by Honeywell Inc., was sold by West Coast Capital Partners, based in Scottsdale, AZ.

Jim Ryder of Capital Realty Advisors LLC in Phoenix represented the buyer. The seller was advised by Brad Anderson, Mike Strittmatter, Ashley Brooks, and Lauren Anderson of CBRE in Phoenix.

The credit union plans to use the new space for a customer service center, which is expected to have several hundred employees. The building has been vacant for six years.

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