Time Equities Acquires Office Building In Phoenix, AZ For $43M

The office property located at 11811 N Tatum Blvd in Phoenix, AZ was recently sold in a closed transaction. The property spans 268,000 square feet and was sold for a total price of $43,000,000, resulting in a price per square foot of $160.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $43,000,000
• Square Footage: 268,000
• Address: 11811 N Tatum Blvd, Phoenix, AZ
• Market: Phoenix, AZ

The buyer in this transaction was Time Equities, represented by Aaron Madeiros & Keaton Baum from Time Equities. The seller was Sterling Equities & Lincoln Property Company, represented by Barry Gabel & Chris Marchildon from CBRE.