Scottsdale Independent
Marc Bonilla and Jim Keeley of Colliers International in Greater Phoenix have negotiated the $40.18 million sale of the Discount Tire Corporate Headquarters project at 20225 N Scottsdale Road in Scottsdale.
Opus West Corp. developed the two-story Class “A” office project in 2002 through a structured build-to-suit agreement with Discount Tire Company’s founder, Bruce Halle, according to a press release. Discount Tire has been leasing the building for 15 years and Mr. Halle decided to purchase the project.
Halle Properties LLC in Scottsdale paid $40,180,000 to acquire the 157,566-square-foot office building at the northeast corner of Scottsdale Road and Thompson Peak Parkway. The seller in the all-cash transaction was Tucson-based Holualoa Thompson Peak LLC.
