Vizzda — The Broadway 101 Center, a 162,632 ft. office complex located at the southwest corner of the Loop 101 and Broadway Road in Tempe, was sold by Lasalle Investment Management, the asset management affiliate of Jones Lang Lasalle. The buyer was Munich, Germany-based GLL Real Estate Partners which paid $27.1M in cash for the property, or $166.63 per square foot.
The complex comprises two 2-story buildings of 81,316 ft2 each, built 1998 on a 9.94 acre site, zoned PCC-1. The property includes surface parking as well as a 78,600 ft2 sub-grade parking structure. The two buildings, 2141 and 2151 East Broadway Road, received EnergyStar® ratings of 82 and 88 in 2012, the most recent year for which ratings are available.
