April 19, 2024 6:05 pm
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Valley’s biggest office deal of the year so far is a corporate HQ

By Corina Vanek | Phoenix Business Journal

PetSmart’s corporate headquarters in north Phoenix was sold to a Portland-based real estate firm for $110 million, the Valley’s highest priced office sale of 2021 so far.

BPM Real Estate Group bought the campus, which includes three four-story buildings and a six-level parking structure near the intersection of Interstate 17 and Loop 101. The company has been based out of the campus since 1997 and has 11 years left on its current lease. Barry Gabel of CBRE represented the seller, Phoenix-based Vereit, according to Maricopa County records, along with Chris Marchildon and Will Mast of CBRE and Kevin Shannon, Ken White and CJ Osbrink of Newmark.

Read the full subscription story from the Phoenix Business Journal.

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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.