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Local Investor Buys 94%-Leased CBD Office Building

PHOENIX-The Harvey B. and Francine A. Friedman Family Trust pays $885,000 for Columbia Plaza, a 13,600-sf office building at 1427 N. 3rd St., marking the first CBD acquisition for the investment group.

By Jennifer D. Duell | Updated on November 22, 2004

PHOENIX-After several years of investing in office and industrial assets in the Scottsdale Airpark, the Harvey B. and Francine A. Friedman Family Trust has moved into the downtown market. The trust has acquired Columbia Plaza for $885,000 from the MillsGroup Real Estate Inc. of Phoenix.

The seller’s broker, Marcus Muirhead with Marcus & Millichap’s Phoenix office, tells GlobeSt.com that the building received six offers in just three weeks of marketing and closed at 98% of the list price. Tricia Davis of Keller Williams Realty in Phoenix represented the buyer of Columbia Plaza, a 13,600-sf office building at 1427 N. 3rd St.

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