April 23, 2024 2:16 pm
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Medical office building sold in Scottsdale

Newmark Grubb Knight FrankNEWS RELEASE – AZRE Magazine

Newmark Grubb Knight Frank is pleased to announce the sale of the 32,009 square-foot medical office building located at 4921 E. Bell Rd in Scottsdale, AZ

Managing Directors Sheila Bale and Geoffrey Waldrom and Associate Ryan O’Connor all with Newmark Grubb Knight Franks’ Phoenix office, represented the seller, FLIC Properties, LLC.  The buyer, a healthcare business owner was represented by Tanner Milne of Menlo Commercial Real Estate.  The buyer plans to occupy the remaining 21,985 square feet vacancy in the building.  A healthcare business owner is the perfect buyer to utilize the remaining contiguous space on the bottom floor and simultaneously collect income from very stable, long standing professionals”,  says Bale

In addition to the sale of the building, Newmark Grubb Knight Frank also won the property management assignment for the property.

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