REBusinessOnline

MEDICAL OFFICE FACILITY FETCHES $1.9 MILLION

SCOTTSDALE, ARIZ. — PG&J Properties LLC has acquired a medical office building, which is located at 9745 N. 90th Pl. in Scottsdale. Scottsdale Medical Building LLC sold the property for $1.9 million or $326 per square foot. The buyer, a group of doctors, plans to relocate to the building, which was 35 percent occupied at the time of acquisition. Eric Tollefson of Ensemble Devman Group represented the buyer; Ray Harris of Grubb & Ellis|BRE Commercial represented the seller in the transaction.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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