Phoenix – Phoenix Corporate Center, a Central Avenue office tower built in the 1960’s, has been noticed for trustees’s sale. The 449,155-square-foot office, at 3003 N. Central Avenue in Phoenix, secures a loan with an original principal balance of $54 million. According to Ion Data, a Mesa-based provider of real estate data, the beneficiary of the note has scheduled a Sept. 18 trustee’s sale date. The trustee is Jonathan Brohard of the Phoenix lawfirm Polsinelli PC. The collateral on the loan is the 26-story office, which was remodeled in the 1990’s and again in 2005. The loan was issued to CWN-I-A LLC, a company formed by a subsidiary of Petrus Partners Ltd. in New York City, N.Y. Ion Data’s Foreclosure Update lists the beneficiary as ColFin PHX Tower Funding LLC, as successor to Phoenix Corporate Tower Funding Co. Inc. Continue reading
View Larger Map
As reported in:
