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RREEF Picks Up Office and Industrial Portfolio for $28 Mil

PHOENIX-RREEF has continued its buying binge in the Valley, picking up a portfolio of office and industrial buildings in Phoenix and Tempe.

By D.J. Burrough | Updated on January 11, 2001

PHOENIX-San Francisco-based RREEF Funds continues its buying binge in the Valley. The real estate investment company purchased a portfolio of five office and industrial properties in Phoenix and Tempe.

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.

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