PHOENIX — Concord Place Investments has completed the disposition of Concord Place, a six-story office building at 2999 N. 44th St. in Phoenix. Mustang Stampede Two LLC acquired the asset for $32 million.
Defined by its patinated copper dome, Concord Place features 135,841 square feet of office space in small-scale suites, ranging from 900 square feet to 4,500 square feet. The property also features an all-stone façade, patios, balconies, a grand staircase lobby, flagstone-clad plazas and a 12,800-square-foot koi pond. Additionally, the sixth floor features a hand-painted mural by Navajo artist David Johns that spans the domed ceiling of the conference room.
Chris Toci and Eric Wichterman of Cushman & Wakefield represented the seller. Tyson Breinholt of Commercial Properties represented the buyer in the deal.