The company paid nearly $28 million for five buildings with a total of more than 500,000 sf. The buildings are at 2202 S. 7th St. and 18401 N. 25th Ave. in Phoenix, and in Tempe at 2404 W. 14th St., 2625 S. Wilson St. and 914 S. 52nd St.
A Hawaiian estate sold the portfolio.
The Phoenix office of CB Richard Ellis, including brokers Joe Porter, Pat Feeney and Dan Calihan, negotiated the purchases for RREEF.
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