PHOENIX—DTZ closed the sale of 2828 N. Central Ave., a 104,016-square-foot, 14-story office tower in Phoenix located on the southwest corner of Central Avenue and Thomas Road. Granite Investment Group of Irvine, CA, acquired the property for $9.8 million from Phoenix-based Ironline Partners.

Senior managing directors Bob Buckley, Tracy Cartledge and Steve Lindley, and associate Ben Geelan with DTZ's capital markets group and vice presidents Mark Stratz and Scott Baumgarten with DTZ's office group represented Ironline in the sale transaction.

“Investors are actively pursuing Midtown office properties like 2828 North Central, attracted by both national trends towards urban, infill investments and central Phoenix's resurgence in residential development, new restaurants and office demand,” says Lindley. “This is our team's third sale of a Central Avenue office tower in the last six months, and we have more Midtown office sales in negotiation.”