120,778-SQUARE-FOOT OFFICE BUILDING SELLS FOR $20.14 MILLION

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PHOENIX — Pacifica Real Estate Group has purchased Southbank II, a 120,778-square-foot office building in Phoenix for $20.14 million. Located at 3255 E. Elwood, the property is fully occupied by two long-term net leases, including The University of Phoenix. The seller was A&B Properties. Bob Buckley, Steve Lindley and Tracy Cartledge of Grubb & Ellis|BRE Commercial represented both parties in the transaction.

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