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$5M+ Deals – $58M sale of office complex in Scottsdale, raw land in Chandler

Below are the deals closed Tuesday, February 10, 2015, in Maricopa County over $5 million according to the Maricopa County Recorder. The Rose Law Group Reporter has not independently verified these transactions.

$58.85 million sale of the Lincoln Towne Centre office complex on the NWC of N. Drinkwater Boulevard and E. Indian School Road (4150 N. Drinkwater Blvd.), in Scottsdale, by IP9 Lincoln Towne Center Investors LLC. The LLC was formed by the predecessor of Equus Capital Partners, according to Business Real Estate Weekly.

The buyer was Transwestern, a real estate company with a number of locations throughout the country.

The four-story office center 530,385-square-foot office complex sits on 5.2 acres of land and was built in 1999.

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$5.4 million sale of raw land on the SEC of S. Cooper Road and Loop 202, in Chandler, by Chandler Airport CAD Inc., an entity based out of Newport Beach, Calif. The 19-acre property is north of the Chandler Municipal Airport airstrip.

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© 2024 Rose Law Group Reporter

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.