November 5, 2024 5:00 pm
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Palisades Capital picks up $34.5M office building on Scottsdale Road

1421858815[1]By Business Real Estate Weekly

Palisades Capital Realty Advisors LLC in Los Angeles, Calif. (Joaquin de Monet, principal) has added to its fast growing Valley office portfolio with the purchase of a property in Old Town Scottsdale.

A company formed by Palisades Capital Realty Advisors paid $34.5 million ($234.13 per foot) to buy the 147,356-square-foot building, which is at 4141 N. Scottsdale Road. The seller was 4141 N. Scottsdale Road Holdings LLC, formed by Westport Capital Partners in Wilton, Ct. (Russel Bernard, et al., principals).

The deal was brokered by Brian Ackerman, Dennis Desmond and Chris Latvaaho of Jones Lang LaSalle in Phoenix.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.