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TEMPE, ARIZ. — Dornin Investment Group acquires Agave Center, a five-building office/flex development in Tempe, for $29.5 million. The development includes the 55,221-square-foot Agave Business Center at 8945 S. Harl Ave.; the 86,115-square-foot Agave Corporate Center at 1711 W. Greentree Drive; and the three-building, 78,405-square-foot Agave Executive Center at 17211, 1725 and 1729 W. Greentree Drive.
The 219,741-square-foot Agave Center was developed in 2000. The center is collectively more than 90 percent leased. Chris Toci, Chad Littell and Ryan Bartos of Cushman & Wakefield represented the seller, an entity owned by certain funds managed by Westport Capital Partners LLC, in this transaction.