{"id":1004150805,"date":"2016-08-25T01:07:56","date_gmt":"2016-08-25T09:07:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004150805"},"modified":"2022-03-04T00:48:47","modified_gmt":"2022-03-04T08:48:47","slug":"two-building-office-complex-in-tempe-sold-by-cordia","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/two-building-office-complex-in-tempe-sold-by-cordia\/","title":{"rendered":"Two-Building Office Complex in Tempe Sold by Cordia"},"content":{"rendered":"

By Alex Girda<\/p>\n

\"1330<\/a>

1330 W. Southern Ave.<\/p><\/div>\n

Phoenix<\/strong>\u2014A two-building office complex in the Phoenix MSA recently changed hands for a total of $29.3 million. A partnership between Angelo, Gordon & Co<\/a>., Douglas Allred Co.<\/a> and David Warren acquired the asset from seller Cordia Capital Management<\/a>. Part of the fast-improving Tempe submarket, the asset was acquired amid what is a very high demand market.<\/p>\n

Located at 1330 W. Southern Ave. and 3001 S. Priest Drive in Tempe, the office complex<\/a> consists of 250,000 square feet of space. Located on a 16-acre site in the South Tempe office submarket and offering proximity to the I-10 and U.S. 60 freeway, the asset is close to shopping and dining destinations, making it attractive to prospective owners.<\/p>\n

The 100,000-square-foot building at 3001 S. Priest Drive was built in 1995, and is at 100 percent occupancy. A cafeteria serving tenant Express Scripts is located on the building\u2019s ground floor. Located in proximity to the Sky Harbor International Airport, 1330 W. Southern Ave. is a three-story facility that totals 150,000 square feet. The building is operating at roughly 33 percent occupancy, with the sole tenant being iQor.<\/p>\n

Image courtesy of Cordia Capital Management<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Tempe submarket has been growing in leaps and bounds, leading to unsolicited deals such as the one completed by a three-party partnership. <\/p>\n","protected":false},"author":41,"featured_media":1004150807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21747,1601],"tags":[],"class_list":["post-1004150805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-office","category-phoenix"],"acf":[],"yoast_head":"\nTwo-Building Office Complex in Tempe Sold by Cordia - 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\/two-building-office-complex-in-tempe-sold-by-cordia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Two-Building Office Complex in Tempe Sold by Cordia\" \/>\n<meta property=\"og:description\" content=\"The Tempe submarket has been growing in leaps and bounds, leading to unsolicited deals such as the one completed by a three-party partnership.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/two-building-office-complex-in-tempe-sold-by-cordia\/\" \/>\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=\"2016-08-25T09:07:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T08:48:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/1330-W-Southern-Ave..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"1600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/two-building-office-complex-in-tempe-sold-by-cordia\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/two-building-office-complex-in-tempe-sold-by-cordia\/\",\"name\":\"Two-Building Office Complex in Tempe Sold by Cordia - 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