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$11M Office Condos Break Ground in Kierland

PHOENIX-Four of the six buildings are already sold, bringing in $200 per sf for developer DKS Development of Phoenix. The two-story shells of 7,743 sf are going up on the southwest corner of Marilyn and 71st streets.

By Beverly Ford | Updated on March 24, 2003

PHOENIX-A six-building, $11-million office project that just broke ground is already two-thirds sold out with buyers scooping up the 7,743-sf office shells in the Kierland office condominium complex for $200 per sf.

“Four buildings are already sold. They’re going, going, going,” Darryl Szarka, a principal with project developer DKS Development LLC tells GlobeSt.com. Two of the two-story buildings, located at the southwest corner of Marilyn and 71st streets, have been sold to Trax Software and Consulting, owned by Larry and Addrienne Miller. A third has been taken by an unnamed investment group and DKS Development will occupy the third.

Szarka said the buildings, which he described as “boutique offices,” each consist of a 5,055-sf first floor and 2,688-sf second floor with two separate second-floor patio areas, some with views of nearby Kierland Commons, the Kierland Westin Resort and the nearby Kierland golf course.

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