PHOENIX—ViaWest Group has sold two premier class A office buildings in the Phoenix metro area for a total of $11.1 million. CBRE negotiated the sale to Melcor Development of the 24,154-square-foot Perimeter Parkview Corporate Center at 8355 E. Hartford Dr. in Scottsdale, and the 35,066-square-foot Chauncey Professional Center located at 6930 E. Chauncey Lane in Phoenix, for a combined 59,220-square-foot investment. The buildings commanded sale prices of approximately $4.1 million and $7 million, respectively.

Barry Gabel and Chris Marchildon with CBRE's Phoenix office represented the seller, ViaWest Group of Phoenix. The buyer, Edmonton, Alberta, Canada-based Melcor Developments Arizona, Inc., was represented by Tom Swan with Amcal Southwest.

ViaWest originally purchased the properties in two separate transactions. The Chauncey property was purchased in December 2006 in shell condition and ViaWest was able to lease up the property from zero percent in late 2007 to 100 percent by mid-2009 during a very difficult leasing period. This was done through building spec suites of varying sizes, creative marketing approaches and unique lease structures. The Perimeter Parkway property was bought at a trustee sale in January 2011 with a portion of the property leased and the balance in shell condition. Within one year of purchase the property was 100 percent leased.