November 21, 2024 3:37 pm
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Rose Law Group

SOLD! High-rise site in Downtown Phoenix

By AZ Big Media

SVN Desert Commercial Advisors completed the sale of an approximately 0.81 acre lot in Downtown Phoenix on 3rd Ave. between Filmore St. and Van Buren St. in the heart of Downtown Phoenix. The property was acquired from Cole Management Associates, LLC for $3.7 million by 362 North Third, LLC, an entity formed by JRG Capital Partners. JRG, a Chicago-based real estate investment and development firm continues its expansion in the Phoenix market. Chief Investment Officer, Cheri Grossman, stated “This is our second acquisition in Downtown Phoenix, and it fits all the attributes for a high-rise development. With multiple large-scale projects under development, this area of downtown will become a vibrant area to live, work and play”.

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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.