San Diego Based Company Expands in Downtown Phoenix

June 22, 2015

 

One North Central, a 410,000-square-foot tower was recently sold to the San Diego based company, Parallel Capital Partners. The building, which is 20 stories and is Class A, LEED Silver and Energy Star-rated, was sold to Parallel Capital Partners by One North Central LLC for a mere $93.75 million.

 

“This was a highly attractive investment for us,” said Matt Root, CEO of Parallel Capital Partners. “Downtown Phoenix has consistently performed and remains one of the region’s preeminent Class A markets. Additionally, Phoenix is a hub for cultural and arts institutions, higher education, major league sports - with diverse residential options - as well as being one of the fastest growing cities in the nation and home to six Fortune 500 companies.”

 

Parallel Capital Partners plan to invest around $1.5 million for renovations and upgrades, only to make it an even more attractive office and retail space in downtown. 

 

For more information on this investment, click here

 

Please reload

Featured Posts

AZRE - November 2014

November 19, 2014

1/3
Please reload

Recent Posts
Please reload

Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

© 2015 HELIX ASSET MANAGEMENT.