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Phoenix & Southwest  + Phoenix  + Office  | 
paradise village sale

Paradise Village Office Park Sells to New York Group

The five-story office building has 268,516 square feet of space. It’s currently 72% leased up.

Time Equities of New York was the buyer of the 1980’s era building. It’s been 13 years since it’s seen any serious upgrades. Time Equities Director Aaron Madeiros is eager to get started on some improvements, “We are incredibly excited to enter the Phoenix office market and have been carefully working with our design team to implement a refresh on the entire building.”

The building features an extensive glass facade, a five-story atrium lobby and a number of conference and training rooms. CBRE research states that the Paradise Valley market offers the highest-end demographic profile.

CBRE’s Barry Gabel and Chris Marchildon represented the sellers, Sterling Equities and Lincoln Property Company.


Inside The Story

Aaron Madeiros

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition
  • ◦Development