Joint Venture Sells 127,612 SF Deer Valley Financial Center in Phoenix for $22.1M
PHOENIX — A joint venture between Phoenix-based ViaWest Group and New York-based Taconic Capital Advisors has completed the disposition of Deer Valley Financial Center, an office property located at 2260 N. 19th Ave. in Phoenix. The Rodriguez Family Trust of Los Angeles acquired the asset for $22.1 million.
Barry Gabel, Chris Marchildon and Will Mast of CBRE Institutional Properties in Phoenix and Geoff Turbow, Matt Pourcho and Anthony DeLorenzo of CBRE Investment Properties-SoCal/Phoenix represented the ViaWest Group in the transaction.
Built in 2001, the two-story building features 127,612 square feet of Class A office space, including a common area and lobby, new tenant amenity lounge, an on-site café and bank. Additionally, the property features a parking ratio of 4.6 spaces per every 1,000 square feet.