OFFICE BUILDING TRADES HANDS FOR $10.5 MILLION

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PHOENIX — Dublin, Calif.-based Granite Capital Investments Inc. has acquired V3 Corporate Center, a 40,026-square-foot office building, for $10.5 million. Located at 1048 N. 44th St. in Phoenix, the Class A building is currently 100 percent occupied by V3 Landmark Engineering, Meridian West Development, Pinnacle Design and Blockbuster Video. Built in 2006, the property features flat screen televisions in the restrooms, an on-site fitness facility and a large rooftop bar/patio. Phoenix-based Meridian West HQ LLC was the developer/seller. Eric Wichterman and Ann Sondrol of Grubb & Ellis|BRE Commercial, along with Steve Kohls of Lee & Associates, represented both parties in the transaction.

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