{"id":1004053356,"date":"2012-03-02T08:01:49","date_gmt":"2012-03-02T16:01:49","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=35729"},"modified":"2022-12-08T18:43:57","modified_gmt":"2022-12-09T02:43:57","slug":"parkview-properties-pays-86m-for-a-second-tempe-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/parkview-properties-pays-86m-for-a-second-tempe-tower\/","title":{"rendered":"Parkview Properties Pays $86M for a Second Tempe Tower"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/p>\n

Less than a year after buying a neighboring property, Parkway Properties Inc. closed on the $86 million acquisition of Hayden Ferry Lakeside II in Tempe, Ariz. Completed in 2007, the 12-story, 300,000-square-foot building is part of Hayden Ferry Lakeside, a planned 5 million-square-foot office, retail and residential development on Tempe Towne Lake. Separate teams from CBRE Group Inc. represented the buyer and the seller.
\n\"\"<\/a><\/p>\n

The acquisition reflects Phoenix\u2019s rebounding office market, contended Kevin Shannon, vice chairman & managing director for CBRE Group Inc. and a member of the team that\u00a0 represented the seller. Only seven other office markets in the U.S. absorbed more than 1.8 million square feet in 2011, and Class A assets like the Hayden Ferry Lakeside complex accounted for much of that activity, he pointed out. \u00a0\u00a0<\/p>\n

In a $39.4 million deal completed last June,\u00a0Parkway acquired Hayden Ferry Lakeside I, a nearby 203,000-square-foot, eight-story tower completed in 2002. That property recently\u00a0signed a new tenant: Silicon Valley Bank, which took 50,000 square feet on two floors, the Phoenix Business Journal <\/em>reported.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Alex Girda, Associate Editor
\nLess than a year after buying a neighboring property, Parkway Properties Inc. closed on the $86 million acquisition of Hayden Ferry Lakeside II in Tempe, Ariz. Completed in 2007, the 12-story, 300,000-square-foot building is part of […]<\/p>\n","protected":false},"author":237,"featured_media":1004505530,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1601],"tags":[],"class_list":["post-1004053356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-phoenix"],"acf":[],"yoast_head":"\nParkview Properties Pays $86M for a Second Tempe Tower - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/parkview-properties-pays-86m-for-a-second-tempe-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Parkview Properties Pays $86M for a Second Tempe Tower\" \/>\n<meta property=\"og:description\" content=\"By Alex Girda, Associate Editor Less than a year after buying a neighboring property, Parkway Properties Inc. closed on the $86 million acquisition of Hayden Ferry Lakeside II in Tempe, Ariz. 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