$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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