$5M+ Deals – $71.5M deal in Tempe

Below are the deals closed Monday 12/15/14 in Maricopa County over $5 million according to the Maricopa County Recorder. The Rose Law Group Reporter has not independently verified these transactions.

$71.5M sale of the Tempe Fountainhead Corporate Park located just south of W. Broadway Road on the east side of S. Priest Drive (1540 W. Fountainhead Pkwy) in Tempe by Tempe Fountainhead Corporate LLC, an entity formed by Principal Financial Group Inc. in Des Moines, Iowa. The sale includes four parcels totaling 32.78 acres with a combined 476,172 square feet of office space across five buildings and multiple parking structures. According to the BREW, the buyer was a joint venture formed by Cypress Office Properties in San Diego, California.

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