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Velocis Purchases Park One Office Complex for $39 million

CBRE completes sale to private equity real estate fund Phoenix, AZ – Velocis LLC in Dallas, TX (Fred Hamm, managing principal) has bolstered its real estate portfolio in the Valley by paying $39 million ($189.87 per foot) to acquire a 205,405-square-foot office-retail project in Phoenix. The three-building complex, called Park One, is located at 2111, 2121

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NAI Horizon negotiates $1.95 million investment property sale in Tempe

PHOENIX, AZ — NAI Horizon Senior Vice President Mark Wilcke represented the seller in the $1.95 million ($112 PSF) sale of a multi-tenant, automotive retail/office investment property at 2404 and 2412 N. Scottsdale Rd., in Tempe. NAI Horizon represented Scottsdale Equity LLC of Los Angeles in the transaction. The 17,418-square-foot retail/office asset is 100 percent

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