Government Investment Partners Acquires Office Portfolio From The Simone Charitable Foundation In Phoenix

The office portfolio located at 3925 and 3945 E. Broadway Road in Phoenix, AZ, has been sold for $17.4 million. The buyer, Government Investment Partners (GIP), acquired the two-building property from the seller, The Simone Charitable Foundation. The sale encompassed 136,998 square feet, with a price per square foot of $127.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $17,400,000
• Address: 3925 East Broadway Road & 3945 East Broadway Road
• Market: Phoenix, AZ
• Buyer: Government Investment Partners (GIP)
• Seller: The Simone Charitable Foundation
• Broker: Brian Ackerman - Colliers International
• Square Footage: 136,998
• Price Per Square Foot: $127

Brian Ackerman from Colliers International represented both the buyer and seller in this transaction, facilitating the acquisition of the Phoenix office portfolio. Government Investment Partners (GIP) secured the purchase from The Simone Charitable Foundation, marking a significant deal in the commercial real estate market.