CHANDLER, ARIZ. — Southwest Value Partners has acquired Continuum Business & Technology Park, a 463,300-square-foot business park in Chandler, for $51.7 million. The Class A park was formerly occupied by Motorola. It is located at 2501 S. Price Road.
Continuum was renovated in January 2013 and fitted with a new three-story atrium lobby, curtain wall glass, upgraded HVAC systems, and a state-of-the-art electrical and fiber infrastructure. Tenants like Nationstar Mortgage and OnTrac have already signed on at the center. The space also includes a 10,000-square-foot University of Arizona learning center.
The seller was Capital Commercial Investments, Inc. The sales transaction was negotiated by Luke Walker and Dave Carder of CBRE’s Phoenix office and Kevin Miller of Capital Commercial Investments.