Rialto Capital and Ironline Partners Acquire CBD Office Tower at 111 West Monroe

111 West Monroe

111 West Monroe PHOENIX (April 17, 2014) – Rialto Capital, a national real estate investment and asset management company and wholly-owned subsidiary of Lennar (NYSE: LEN)and Phoenix-based joint venture partners Ironline Partners (Karber, O’Neil, Petznick, principals) and John Grahamhave acquired a mid-century modern office tower at 111 West Monroe from General Electric Credit Equities, Inc. for $22 million dollars. Funding for the acquisition was provided by Rialto Real Estate Fund II, Ironline Partners and Jeffries LoanCore.

Clear Title Agency of Arizona (Carol Rieger, Senior Officer) handled the transaction. General Electric Credit Equities, Inc. was represented by Colliers International (Charles Miscio, Executive Vice President of Office Properties). Miscio will retain the leasing assignment for the property. “The core urban address, premier penthouse space (with up to 27,000 contiguous square feet), high profile naming rights, flexible ‘spec suite’ options, prominent street level presence, local ownership and on-site management make 111 West Monroe an appealing option for both large companies in search of corporate and regional headquarters and smaller firms who want to be near the center of business, government, educational and entertainment.” said Miscio.

Rialto Capital and Ironline Partners are actively looking for additional acquisitions across the spectrum of asset classes, including retail, office, industrial and residential. Contact Mathew Avrhami at Rialto Capital (480.783.8655) and Bob Karber at Ironline Partners (602.274.9000) with purchase and sale inquires and Charles Miscio at Colliers International (602.222.5192) with leasing inquiries.

Mathew Avrhami
Mat.avrhami@rialtocapital.com
rialtocapital.com
T. 480.783.8655, C. 602.690.4500

Roberto Karber, Esq.
Bob@mkcfirm.com
ironlinepartners.com
T. 602.274.9000, C. 602.321.9335

Charles Miscio
Charles.miscio@colliers.com
colliers.com
T. 602.222.5192, C. 602.705.5220

Carol Rieger
Crieger@cleartitleaz.com
cleartitleaz.com
T. 480.278.8425

Share this!

Additional Articles

Top master-planned communities for 2024

By AZ Big Media Here are the Top 10 master-planned communities in Arizona, based on public voting for the 2024 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.