By Mike Sunnucks | Phoenix Business Journal
A San Diego real estate firm could soon buy the Arizona Center office and retail development in downtown Phoenix.
Parallel Capital Partners is in line to buy the well-known development at Van Buren and Third streets.
Multiple sources said the sale is in the works. One official, who asked not to be identified, pegged the sale at possibly $130 million.
Parallel already owns a trio of office buildings in midtown Phoenix as well as the One North Central Building in downtown Phoenix.