Mesa – A company formed by Buchanan Street Partners in Newport Beach, Calif. (Robert Brunswick, Tim Ballard, principals) paid $13.2 million ($124.44 per foot) to buy a 106,077-square-foot office building at 1001 W. Southern Avenue in Mesa. The seller was Parkway Properties L.P. in Orlando, Fla. (NYSE:PKY). The sale was brokered by Chris Toci, Chad Littell, Ryan Bartos, Jerry Noble and Matt Coxhead of Cushman & Wakefield of Arizona Inc. in Phoenix. Dominic Petrucci of Kairos Partners in Newport Coast, Calif. worked with the buyer in the acquisition. The investment was made through Buchanan Phoenix Rising Fund, an investment fund created by Buchanan Street Partners. The two-story office project, called Mesa Corporate Center, is 89 percent occupied. Records show BSP Mesa Corporate Center LLC (Buchanan Street entity) acquired the Mesa office with a $8.5 million loan from OneWest Bank in Pasadena, Calif. Continued
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