PHOENIX—Colliers International in Greater Phoenix recently completed the sale of the class A, 68,443-square-foot Chandler Corporate Center II, which was 100% occupied at the time of the sale. Palisades Capital Realty Advisors of Los Angeles purchased the building, located at 500 N. Juniper Dr. in Chandler, from The Rockefeller Group. The asset sold for $14.5 million.

Mindy Korth, executive vice president, Phil Breidenbach, executive vice president, and Kirk Kuller, vice president, of Colliers International, represented the seller.

Chandler Corporate Center earned a LEED Silver Core and Shell Certification. The building was constructed in 2009 on 8.75 acres within Chandler Corporate Center North, a master-planned business park at the northwest corner of McClintock Drive and Chandler Boulevard. Three of the five tenants in the two-story office building are institutional-quality companies that account for 76% of the space.