CHANDLER, ARIZ. — ViaWest Group has purchased San Tan Tech Center, a 129,187-square-foot office building in Chandler that caters to life sciences and technology companies, for $9.6 million. The Class A center is located at 145 S. 79th Street. It was built in 1981 and renovated in 2010.
The City of Chandler is the center’s largest tenant. It occupies 49 percent of the property, with its lease due to expire in 2024. The city is doing business at the center as Innovations, an incubator targeting entrepreneurs in the life sciences and emerging technology industries. Other notable tenants at the center include the University of Arizona Center for Applied NanoBioscience & Medicine, HealthTell and Cummings Engineering.
ViaWest represented itself in this transaction. The seller, Capital Commercial Investments, was represented by CBRE’s Barry Gabel and Chris Marchildon.