PHOENIX—DTZ closed the sale of Brookwood Commerce Centre, 4425 W. Olive Ave. in Glendale. United Realty MTA of Mesa purchased the 209,182-square-foot midrise office building for $9.9 million.
Executive managing director Eric Wichterman and senior vice president Mike Coover of DTZ's Phoenix office represented the seller, 4425 West Olive Holdings.
Built in 1974, Brookwood Commerce Centre is a four-story, multi-tenant office building with frontage on both Olive and 43rd avenues. It is located near I-17 and surrounded by a large amenity base including Metrocenter Mall. The property was 79% occupied at the time of sale.
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