PHOENIX—CBRE has completed the sale of a 101,006-square-foot office building located at 4809 E. Thistle Landing in Phoenix. The property sold for $16.75 million.
Jim Fijan and Will Mast with CBRE's Phoenix office negotiated the sale. The buyer was Menlo Equities. The seller was a joint venture between Everest Holdings and Walton Street Capital.
“Thistle Landing is a smart investment for Menlo providing them ownership in a quality office building in a well-established corporate environment,” says Fijan. “The long-term, triple-net nature of the tenants' leases yields a very stable return on investment going forward.”
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