Holualoa Companies buys Park One in Phoenix

By AZRE | AZ Big Media

Holualoa Companies has purchased Park One, a prominent office park in the Camelback Corridor with plans to renovate and rebrand it.

The firm has purchased Park One, a 217,433-square-foot office property located on 12 acres on east Highland Avenue with attractive open space including a two-acre lake, in a $50.1 million transaction from Dallas-based Velocis, a private equity fund manager. Built in the mid-1980s, the site includes four-story and two-story office buildings, a freestanding, high-visibility 7,544 square foot restaurant building, and expansive outdoor landscaped spaces.

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