November 24, 2024 9:02 am
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The Midtown Bank Of America Tower in Mid-Town Phoenix Sells for $14.8m

Midtown Bank Of America Tower
Midtown Bank Of America Tower

Vizzda — Neil Kadisha (CEO) of Omninet Captial has acquired The Midtown Bank Of America Tower from a joint partnership between Ronald Koos of Ronald Realty Group (60.51%) and Rance S Gregory of Morrison Street Capital (39.49%) for $14.8m. The all cash transaction reflects $77.87 per square foot.

The Midtown Bank Of America Tower is a fifteen-story office tower located at 3030 N Central Avenue in Phoenix, or about five hundred feet north of the northwest corner of Central Avenue and Thomas Road. The tower is approximately 190,000 square feet and was built on a 0.86 acre lot. The transaction also featured a 4-story parking garage that sits on a three-quarter acre parcel.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.