Business Real Estate Weekly by Rose Law Group
Mesa – Harvard Investments Inc. in Scottsdale (Paul Hill, Craig Krumwiede, Chris Cacheris, principals) plans to develop a 260,000-square-foot office project within the Riverview mixed-use project in Mesa. The Class A offices are planned for a site located east of the southeast corner of the Loop 202 (San Tan Freeway) and Dobson Road. A partnership formed by Harvard Investments paid $5.798 + million to buy the 19.55-acre parcel. The seller was MAC Riverview Point LLC, a company formed by Montana Avenue Capital LLC in Santa Monica, Calif. (Jeremy Rogers, Tony Nobuyuki, principals). The sale was brokered by Dave Carder and Luke Walker of CBRE in Phoenix. Maricopa County records show Riverview Point L.P. (Harvard Investments entity) acquired the parcel with a $3.48 million loan from Western Alliance Bank. Krumwiede says Harvard Investments plans to develop office structures of 150,000 sq. ft. and 110,000 sq. ft. Continued
