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Crown West's Third Deal Ticketed at $2.1M

PHOENIX-The Spokane, WA-based firm closes its second metro Phoenix buy in five weeks and its third since 2001. This time, the deed is to a 38,000-sf office property at 3230 E. Broadway. More deeds will be collected before the year ends.

By Beverly Ford | Updated on February 10, 2003

PHOENIX-Crown West Realty LLC is ramping up its Phoenix operation with the $2.1-million acquisition of a second office complex in five weeks.

The purchase of the recently constructed 38,000-sf office complex at 3230 E. Broadway marks the Spokane, WA-based investment firm’s third major buy in the Phoenix market since 2001 when it acquired the 227, 000-sf Elliot Corporate Center.

And, the company’s buying spree is far from over, Scott Brown, the firm’s asset manger tells GlobeSt.com. The company’s goal is to acquire three more Phoenix area buildings in 2003. “Our intention is to expand fairly rapidly,” Brown said of the company’s strategy. “Phoenix is a great market. We’re very optimistic about it.”

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