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Canadian Investor Acquires 97,000-SF Dover Shores

MESA, AZ-TSA Group is the proud owner of the 1980s, 11-building office complex, which it acquired from Dover Shores LP, an affiliate of MainSpring Capital in a value-add play.

By Amy Wolff Sorter | Updated on April 18, 2013

MESA, AZ-MainSpring Capital, operating under the entity name Dover Shores LP, has sold its 96,905-square-foot Dover Shores Office project to Canadian buyer TSA Group USA Ltd. The seller received $5.8 million for the 1980s project.

Located at 2222 S Dobson, Dover Shores is geared toward smaller tenants, with buildings ranging in size from 5,224 square feet to 20,976 square feet. According to ORION Investment Real Estate associate Brent Pearlstein, the property was 70% occupied at the time of sale, providing an ideal value-add opportunity for the buyer.

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