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Glendale Office Property Picked by Woodside
Woodside, a Texas investment firm, acquired the Talavi Corporate Center for $9.3 million or $153K/foot in an all-cash transaction. The three-story office and medical office property is located in Glendale. Regent Properties sold the property. Barry Gabel, Chris Marchildon and CJ Osbrink with Newmark represented the seller in the deal.
At the time of sale, the building was 74% leased to five tenants for corporate office, back office and medical office functions. Woodside plans to renovate a number of the units and enhance other areas to attract new tenants and bring the property to greater stabilization.
Developed in 2002, Talavi Corporate Center is in the Arrowhead District Core in northwest Metropolitan Phoenix.
- ◦Sale/Acquisition
