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SCOTTSDALE, ARIZ. — Net Lease Office Properties has completed the sale of a single-tenant data center and office campus on Shea Boulevard in the Phoenix suburb of Scottsdale. Terms of the transaction were not released.
Situated on more than 38 acres, the 354,888-square-foot asset serves as a mission-critical data and operations center for CVS.
Peter Bauman and Tivon Moffitt of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal.