{"id":1004124381,"date":"2015-07-31T00:09:23","date_gmt":"2015-07-31T08:09:23","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=356621"},"modified":"2020-04-13T01:55:12","modified_gmt":"2020-04-13T09:55:12","slug":"state-of-the-art-building-in-phoenix-under-new-ownership","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/state-of-the-art-building-in-phoenix-under-new-ownership\/","title":{"rendered":"State-of-the-Art Building in Phoenix under New Ownership"},"content":{"rendered":"

By Liviu Oltean, Associate Editor<\/em><\/p>\n

A state-of-the-art office, showroom and warehouse building has changed ownership with the help of Colliers International<\/a> <\/strong>of Greater Phoenix.<\/p>\n

\"Facilitec<\/a><\/p>\n

Facilitec<\/p>\n<\/div>\n

Theory R. Properties LLC<\/a> of Southern California acquired the 63,400-square-foot building located at 4501 E. McDowell Road in Phoenix. The asset, which currently houses Facilitec Inc., was purchased for $5.9 million through a 1031 exchange transaction.<\/p>\n

Marc Bonilla, a vice president in Colliers\u2019 Scottsdale office, represented the seller, King Ranch Properties II, LLLP. This is Bonilla\u2019s second deal involving the asset, after selling the Facilitec building to King Ranch back in 2003. Mike Milic, vice president in Collier\u2019s Scottsdale office, represented the buyer.<\/p>\n

\u201cWe successfully navigated through a disposition strategy with multiple moving parts while the market fundamentals strengthened in the net lease sector. At the same time the long-standing tenant recommitted to a 12.5 year absolute NNN lease,\u201d said\u00a0Bonilla in a prepared statement.<\/p>\n","protected":false},"excerpt":{"rendered":"

A state-of-the-art office, showroom and warehouse building has changed ownership with the help of Colliers International of Greater Phoenix.<\/p>\n","protected":false},"author":1158,"featured_media":0,"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-1004124381","post","type-post","status-publish","format-standard","hentry","category-latest","category-phoenix"],"acf":[],"yoast_head":"\nState-of-the-Art Building in Phoenix under New Ownership - 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\/state-of-the-art-building-in-phoenix-under-new-ownership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State-of-the-Art Building in Phoenix under New Ownership\" \/>\n<meta property=\"og:description\" content=\"A state-of-the-art office, showroom and warehouse building has changed ownership with the help of Colliers International of Greater Phoenix.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/state-of-the-art-building-in-phoenix-under-new-ownership\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-31T08:09:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-13T09:55:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Facilitec.jpg\" \/>\n<meta name=\"author\" content=\"Liviu Oltean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-of-the-art-building-in-phoenix-under-new-ownership\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-of-the-art-building-in-phoenix-under-new-ownership\\\/\"},\"author\":{\"name\":\"Liviu Oltean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/a12696609e74785a9cb5f8f7eae8bbd0\"},\"headline\":\"State-of-the-Art Building in Phoenix under New Ownership\",\"datePublished\":\"2015-07-31T08:09:23+00:00\",\"dateModified\":\"2020-04-13T09:55:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-of-the-art-building-in-phoenix-under-new-ownership\\\/\"},\"wordCount\":154,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-of-the-art-building-in-phoenix-under-new-ownership\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/Facilitec.jpg\",\"articleSection\":[\"News\",\"Phoenix\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-of-the-art-building-in-phoenix-under-new-ownership\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-of-the-art-building-in-phoenix-under-new-ownership\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-of-the-art-building-in-phoenix-under-new-ownership\\\/\",\"name\":\"State-of-the-Art Building in Phoenix under New Ownership - 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