SCOTTSDALE-CBRE has negotiated the sale of Galleria Corporate Centre, a 537,110 square-foot, class-A, mixed-use office and retail project, located at 4301 and 4343 N. Scottsdale Rd. Financial terms of the transaction were not disclosed.

Jim Fijan and Will Mast with CBRE's Phoenix office represented New York City-based JEMB Realty Corporation, who sold the building to a joint venture between Stockdale Capital Partners and funds managed by Oaktree Capital Management, L.P., both of Los Angeles.

“Scottsdale Galleria has evolved into one of the most prominent mixed-use developments in the entire Phoenix-metro marketplace. The property fosters a unique atmosphere that you can feel as soon as you walk in the door, which stems from a dynamic, tech-centered tenant rent roll and the energy of an urban, downtown Scottsdale location,” said Fijan. “It's always exciting working on projects of this caliber, but even more so when the parties involved are as innovative and future-centered as the project in which they are investing. The team effort from Stockdale Capital Partners and Oaktree Capital Management was really heartening to see and they were great to work with. Scottsdale Galleria is in good hands.”