TUCSON, AZ (Jan. 30, 2024) -- Dave Volk of Volk Company represented IXL Learning in the $2,100,000 ($200 PSF) sale of its 10,500-foot fully leased office condominium at Mesquite Corporate Center, 1630 E. River, to Roy S. Ludlow Investment Co.
IXL Learning will continue to occupy the office space in a sale-leaseback agreement.
IXL Learning was founded in 1998 when it released Quia Web, the first website that allowed teachers and learners to create and share customized study materials, from matching games to flashcards, quizzes, and more. The concept was an overnight success, and Quia Web quickly became one of the most popular educational sites in the early days of the Internet.
In 2019, IXL Learning acquired Education.com and Rosetta Stone in 2021. In 2022, IXL Learning added two more language-learning brands, and in 2023, it acquired TPT, also known as Teachers Pay Teachers. The world’s largest catalog of educator-created content, a platform used by over 85 percent of PK-12 teachers in the US.
Volk had previously represented IXL Learning in its purchase of the property in 2022 and its subsequent leasing to Opus Inspections in 2023. Greg White of SRS represented the buyer.
For more information, Volk can be reached at 520.326.3200, and White is at 602.682.6000.
To learn more, see RED Comp #11065.