COLLIERS INTL. HANDLES NON-PROFIT’S $3.4 MILLION OFFICE PURCHASE

MESA, ARIZ. — Colliers International has negotiated the $3.4 million acquisition of the 67,208-square-foot Pennington Place, a two-story, garden office building located at 1855 W. Baseline Road in Mesa. Colliers’ Todd Noel represented the buyer, Community Bridges, in the transaction, and Cassidy Turley BRE Commercial’s Steve Lindley, Robert Buckley and Tracy Cartledge represented the local seller, The Cardon Group. The private non-profit organization’s corporate headquarters will occupy 20,000 square feet; 56 percent of Pennington Place is currently leased.