PHOENIX—Cassidy Turley announced that it sold 13,420 square feet consisting of three office condos at Riverside Office Plaza II, 1255 West Rio Salado Parkway in Tempe. FP Real Estate Holding, LLC, dba Sonoran Spine Center, purchased the property for $1.38 million from Southwest Value Partners of Phoenix. Executive managing director Jeffery Wentworth and vice president Sean Spellman, with Cassidy Turley's office group, represented the seller while Fletcher Perry of Colliers International represented the buyer.
Sonoran Spine Center. is an orthopedic spine care facility. The center currently has five office locations in the Phoenix area and one in Show Low, AZ. The new Tempe location will be part of an office location expansion.
Built in 2007, Riverside Office Plaza II is a two- story, office condo project featuring two office buildings totaling 75,500 square feet. The Riverside Office Plaza Development is neighbors with the Tempe Center for the Arts and overlooks the Rio Salado area and Tempe Town Lake. The property is located east of the southeast corner of Priest Drive and Rio Salado Parkway with access to the freeways, one mile from the Mill Avenue shops and restaurants and 2 miles from Sky Harbor International Airport. The project has remaining condos for sale ranging in square footage from 1,700 to 11,400.
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