Buchanan Street Sheds Trophy Office Asset in Phoenix

The investor sold Quattro, a 265,000-square-foot office asset in Phoenix, for $43.5 million.

By Kelsi Maree Borland | August 14, 2019 at 04:00 AM

Buchanan Street Partners has sold Quattro, a 265,000-squqare-foot office property in Phoenix, for $43.5 million to Albany Road Real Estate Partners. The property is 92.5% leased to a billion-dollar tenant roster including CVS Health, Freeport-McMoRan, Konica Minolta, Sodexo, and Xerox.

Tracy Cartledge, Bob Buckley and Steve Lindley of Cushman & Wakefield’s Phoenix office negotiated the transaction on behalf of the seller.

The property is located at 4310-4350 E. Cotton Center Blvd. in the Cotton Center business park.

NOT FOR REPRINT

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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