TPG Angelo Gordon Acquires McDowell Mountain Medical Office In Scottsdale For $21.25M

The office property located at 9377 East Bell Road in Scottsdale, Arizona was sold in a transaction on April 10, 2024. The property, known as McDowell Mountain Medical, spans 84,725 square feet. The sale price for this asset was $21.25 million, equating to a price per square foot of $251. The buyers of this office property were Josh Baumgarten and Adam Schwartz from TPG Angelo Gordon. On the seller's side was Scott M. Brinker from Healthpeak Properties.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $21,250,000
• Address: 9377 East Bell Road
• Market: Scottsdale, AZ
• Square Footage: 84,725
• Buyer: Josh Baumgarten & Adam Schwartz - TPG Angelo Gordon
• Seller: Scott M. Brinker - Healthpeak Properties

TPG Angelo Gordon, represented by Josh Baumgarten and Adam Schwartz, acquired the McDowell Mountain Medical office property in Scottsdale, Arizona. The property was purchased from Healthpeak Properties for approximately $250.81 per square foot, totaling $21.25 million. This transaction marks a significant deal in the real estate market, showcasing the strategic investment decisions made by the involved parties.