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JV Pays $23M for Elliot Corporate Center

TEMPE, AZ-Scottsdale-based Everest Holdings joins forces with Walton Street Capital in Chicago to acquire the 223,000-square-foot office asset from TIC buyers headed by Thompson National Properties.

By Amy Wolff Sorter | Updated on September 19, 2013

TEMPE, AZ-Everest Holdings of Scottsdale, AZ has joined with Chicago-based Walton Street Capital to acquire the 223,392-square-foot Elliot Corporate Center. The JV paid $23.5 million to acquire the three-story office building from TIC investors headed by Thompson National Properties LLC, based in Costa Mesa, CA.

Built in the late 1990s, the asset at 875 E. Elliot Rd. is 87% occupied. Tenants include Apollo Group Inc. (the parent group of University of Phoenix) and Lamson Business College. Jim Fijan and Will Mast with CBRE’s Phoenix office represented the seller in the transaction.

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