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Phoenix & Southwest  + Southwest  + Office  | 
Brookline Office Complex

Phoenix Office Complex Moves Off the Market for $18.2M

In a geographic crossover of ConnectCRE coverage areas, a San Diego investor has made a significant deal in Arizona: $18.2 million for an office building and parking lot in Phoenix. 

The SD buyer, Pete Katz of Katz Real Estate, was represented by Nicholas Totah, who is an executive at the Totah Group, which itself is within Marcus & Millichap’s downtown San Diego office. The seller is an unnamed, Phoenix-based investor group, according to a news release. 

Brookstone Office Complex, located at 340 and 350 E. Palm Lane in Phoenix, consists of two office/medical buildings on over 5.7 acres of land. BOC amenities include a brick design, lobbies and balconies, as well as gardens with courtyards, mature landscaping and koi ponds.

The property has 126,806 square feet of space and was 69% leased (at the time of sale) to a variety of local, regional, and national office and medical tenants.

In addition, Katz acquired a parking lot that covers nearly an acre.

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Katz Real Estate

About Jason Middleton

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