Phoenix & Southwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
10-Building Chandler Office Campus Trades for $30.5M
CBRE arranged the $30.5 million sale of Chandler Center Commons, a 120,516-square-foot, 10-building office campus at 5500-5590 West Chandler Blvd., in Chandler, Arizona.
CBRE’s Geoffrey Turbow represented the seller, North Beacon Capital. Jamie Swirtz, also with CBRE, assisted with the sale and serves as the property leasing agent. Platinum Advisors, in a joint venture with real estate developer Blake Carroll of RBC Dev Co acquired Chandler Center Commons. The joint venture plans to enhance the property’s existing condominium structure while offering individual buildings and suites for sale to investors, businesses, medical practices and other owner-users.
The campus consists of 10 single-story office buildings situated on 11.94 acres. At the time of sale, the property was 94.4% leased to 19 office and medical office tenants.
Chandler Center Commons is within 2.5 miles of Interstate 10, Loop 101 and Loop 202. The property is also less than two miles from Chandler Fashion Center.
- ◦Development
