Parrallel Capital Partners has cast its eyes eastward for its latest office investment, picking up One North Central, a 20-story trophy office tower in Downtown Phoenix for $93.75M. In turn, Parallel will invest more than $1.5M in the 410k SF tower to upgrade the property's common areas, lobby and new spec suites. The tower is 95% leased with such tenants as Arizona Summit Law School; Ryley, Carlock and Applewhite; and the US Bureau of Land Management.
Parallel Capital Buys PHX Landmark
Continue reading this story with a free account
Log in or register
Related Topics:
One North Central
, Parallel Capital Partners
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))