AZBigMedia
Senior advisors Justin Horwitz and Paul Borgesen III are no strangers to downtown Phoenix. Known for their sale records in the Central and Downtown Phoenix area, they once again procured a buyer for the property located near Roosevelt Row and only minutes from the Arizona Center and surrounded by several multifamily properties down 3rd street.
The land is located at 811- 817 N. 3rd St. and sold for $2,148,600. The 21,000 square foot parcel sold for $2,148,600 to Jon Vento with True North. SVN procured True North as the buyer for a development site in the Roosevelt Row district of Downtown Phoenix. The property is located less than a half a mile from the Arizona State University Downtown campus. While True North has not disclosed specifics, there are discussions of a mixed-use concept. SVN represented the seller in the transactions as well. Seller Paul and Janet Bonn were able to dispose of their last property in the Phoenix area with no plans for further commercial real estate investment.
