By Kristena Hansen | Phoenix Business Journal
Kierland One — a 175,441-square-foot lender-owned office building in north Scottsdale that has been empty for the past 2.5 years — was recently sold to a joint-venture partnership between Hines and Pacific Coast Capital Partners LLC for $29.3 million, according to recent statements from Hines and the Phoenix office of CBRE.
The sales price equated to $167 per square foot, which according to LoopNet, is more than double the Valleywide average of $71.32 per square foot as of June.
