By Paul Thompson | Phoenix Business Journal
A $42.25 million Old Town Scottsdale building sale is ground zero for the next massive office redevelopment project from Phoenix-based developer George Oliver Cos.
The 165,220-square-foot building at 7272 E. Indian School Road was sold Dec. 17 to 7272 Indian School Owner LLC, an entity tied to Denver-based private equity firm Ascentris, according to Tempe-based real estate database Vizzda LLC. A joint venture between Ascentris and George Oliver has spent more than $76 million over the past few months to acquire six contiguous acres in Old Town Scottsdale.
