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Blue Chip Companies Like SE Valley

PHOENIX—The Southeast Valley lures well-educated workers to high-paying employment opportunities in the technology and medical fields in order to avoid congested freeway commutes.

By Lisa Brown | Updated on November 16, 2015

PHOENIX—Known for attracting investment-grade tenants, Thistle Landing is once again in the headlines. Menlo Equities LLC purchased the remaining three buildings of the office park located at 4801, 4805 and 4811 E. Thistle Landing Dr. for an undisclosed price. The seller was Torchlight Investors LLC of New York City.

With this transaction, Menlo Equities now owns the entire 383,509-square-foot office park located at 48th Street and Ray Road, a Southeast Valley corridor displaying explosive growth as of late. The three-building acquisition totaled 282,503 square feet. Separately, the buildings are 101,006 square feet (4801 E. Thistle Landing); 90,944 square feet (4805 E. Thistle Landing); and 90,553 square feet (4811 E. Thistle Landing).

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