PHOENIX-Shades that automatically roll down on sunny days and separate bathrooms with showers were among the amenities that helped seal a $2.5-million sale for a 14,526-sf office building in the heart of Scottsdale Airpark.

Buyer, the Barclay Group, will move its headquarters into the prestigious property where, along with roll-down shades and bathroom showers, the firm also will get additional office space for expansion, broker Eric Wichterman with Grubb & Ellis Co.’s investment division tells GlobeSt.com.

“It’s a high prestige building,” Wichterman said of the five-year-old, two-story building at 15974 N. 77th St. “It’s got a good image, good location and has 10,000 sf for them to occupy with additional space for expansion.” Soon, the retail development company will be moving more than 40 employees from the current headquarters in the McCormack Ranch into the new facility.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.