{"id":1004207816,"date":"2018-02-22T09:39:08","date_gmt":"2018-02-22T17:39:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004207816"},"modified":"2022-12-08T18:23:53","modified_gmt":"2022-12-09T02:23:53","slug":"top-10-cash-only-office-deals-of-2017","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-10-cash-only-office-deals-of-2017\/","title":{"rendered":"Top 10 Cash-Only Office Deals of 2017"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<p>Whenever possible, investors looking for stability and risk mitigation opt for all-cash transactions. Yardi Matrix highlighted the nation&#8217;s most noteworthy deals involving cash-only ventures in the previous year, with the Phoenix metro area emerging as one of the most active markets for this type of transactions in 2017.<\/p>\n<h2>10. 901 Corporate Center Drive<\/h2>\n<div id=\"attachment_1004205707\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/901-Coporate-Center-Drive.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004205707\" data-attachment-id=\"1004205707\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/foremost-acquires-100-ksf-office-in-ca\/901-coporate-center-drive\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/901-Coporate-Center-Drive.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"901 Corporate Center Drive\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;901 Corporate Center Drive&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/901-Coporate-Center-Drive.jpg?w=800\" class=\"wp-image-1004205707 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/901-Coporate-Center-Drive.jpg\" alt=\"901 Corporate Center Drive\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/901-Coporate-Center-Drive.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/901-Coporate-Center-Drive.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/901-Coporate-Center-Drive.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004205707\" class=\"wp-caption-text\">901 Corporate Center Drive<\/p><\/div>\n<p>In late 2017, The Foremost Cos. shelled out $11.8 million for a 99,456-square-foot office building. In December, DeVry Education Group sold the asset which features classroom and administrative offices. Located at 901 Corporate Center Drive in Pomona, Calif., the two-story facility is part of the 50-acre University Corporate Center business park.<\/p>\n<h2>9.&nbsp;Chandler Falls<\/h2>\n<div id=\"attachment_1004207817\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Chandler-Falls-Phoenix.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004207817\" data-attachment-id=\"1004207817\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-10-cash-only-office-deals-of-2017\/chandler-falls-phoenix\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Chandler-Falls-Phoenix.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Chandler Falls &#8211; Phoenix\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Chandler Falls &#8211; Phoenix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Chandler-Falls-Phoenix.jpg?w=640\" class=\"wp-image-1004207817 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Chandler-Falls-Phoenix.jpg\" alt=\"Chandler Falls\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Chandler-Falls-Phoenix.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Chandler-Falls-Phoenix.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004207817\" class=\"wp-caption-text\">Chandler Falls<\/p><\/div>\n<p>Previously known as the Global Professional Building,&nbsp;Chandler Falls changed hands in late 2017, when The Global Cos. sold the asset to Fullerton, Calif.-based EPI for $12.3 million. Located at 1490 S. Pride Road in Chandler, Ariz., the three-story property encompasses 67,248 square feet of Class A office space completed in 2008. Situated in the city\u2019s Technology Corridor, Chandler Falls is currently fully leased.<\/p>\n<h2>8.&nbsp;Carnegie Center &#8211; 103 Carnegie Center<\/h2>\n<div id=\"attachment_1004207819\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Carnegie-Center-103-Carnegie-Center.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004207819\" data-attachment-id=\"1004207819\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-10-cash-only-office-deals-of-2017\/carnegie-center-103-carnegie-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Carnegie-Center-103-Carnegie-Center.jpg\" data-orig-size=\"613,460\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Carnegie Center &#8211; 103 Carnegie Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Carnegie Center &#8211; 103 Carnegie Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Carnegie-Center-103-Carnegie-Center.jpg?w=613\" class=\"wp-image-1004207819 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Carnegie-Center-103-Carnegie-Center.jpg\" alt=\"Carnegie Center - 103 Carnegie Center\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Carnegie-Center-103-Carnegie-Center.jpg 613w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Carnegie-Center-103-Carnegie-Center.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004207819\" class=\"wp-caption-text\">Carnegie Center &#8211; 103 Carnegie Center<\/p><\/div>\n<p>Part of a 560-acre master-planned <a href=\"https:\/\/www.commercialsearch.com\/news\/boston-properties-buys-nj-office-asset\/\">office park in Princeton<\/a>, N.J., the 96,000-square-foot building traded for $15.8 million in July 2017, when Boston Properties acquired the asset from Mack-Cali Realty. Located at 103 Carnegie Center Drive, the building was completed in 1984. Carnegie Center encompasses 16 single- and multi-tenant buildings totaling more than 2.2 million square feet.<\/p>\n<h2>7.&nbsp;St. Joseph\u2019s Westgate Medical Office Building<\/h2>\n<div id=\"attachment_1004207820\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/St.-Joseph---s-Westgate-Medical-Office-Building.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004207820\" data-attachment-id=\"1004207820\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-10-cash-only-office-deals-of-2017\/st-josephs-westgate-medical-office-building\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/St.-Joseph---s-Westgate-Medical-Office-Building.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"St. Joseph\u2019s Westgate Medical Office Building\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;St. Joseph\u2019s Westgate Medical Office Building&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/St.-Joseph---s-Westgate-Medical-Office-Building.jpg?w=640\" class=\"wp-image-1004207820 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/St.-Joseph---s-Westgate-Medical-Office-Building.jpg\" alt=\"St. Joseph\u2019s Westgate Medical Office Building\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/St.-Joseph---s-Westgate-Medical-Office-Building.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/St.-Joseph---s-Westgate-Medical-Office-Building.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004207820\" class=\"wp-caption-text\">St. Joseph\u2019s Westgate Medical Office Building<\/p><\/div>\n<p>In 2016, Rendina Healthcare Real Estate developed the three-story property within the St. Joseph\u2019s Westgate Medical Center Campus in Glendale, Ariz. In December 2017, Physicians Realty Trust purchased the 62,000-square-foot asset for $15.8 million from Dignity Health. Located at 7330 N. 99<sup>th<\/sup> Ave., the building is near Dignity Health\u2019s new hospital and is 100 percent leased.<\/p>\n<h2>6.&nbsp;Tempe Commerce Park &#8211; Building F<\/h2>\n<div id=\"attachment_1004207825\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Tempe-Commerce-Park-Building-F..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004207825\" data-attachment-id=\"1004207825\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-10-cash-only-office-deals-of-2017\/tempe-commerce-park-building-f\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Tempe-Commerce-Park-Building-F..jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Tempe Commerce Park &#8211; Building F\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Tempe Commerce Park &#8211; Building F&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Tempe-Commerce-Park-Building-F..jpg?w=640\" class=\"wp-image-1004207825 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Tempe-Commerce-Park-Building-F..jpg\" alt=\"Tempe Commerce Park - Building F\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Tempe-Commerce-Park-Building-F..jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Tempe-Commerce-Park-Building-F..jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004207825\" class=\"wp-caption-text\">Tempe Commerce Park &#8211; Building F<\/p><\/div>\n<p>In a $16.8 million deal, VEREIT acquired the 85,245-square-foot asset from Everest Holdings in December 2017. Located at 7410 S. Roosevelt St. in Tempe, Ariz., the single-story property is part of Tempe Commerce Park, a five-building office complex comprising approximately 400,000 square feet. Constructed in 1998, Building F previously changed hands in 2013, when Everest Holdings partnered with Walton Street Capital and paid $12.2 million for a 160,313-square-foot portfolio that also contained Tempe Commerce Park &#8211; Building G.<\/p>\n<h2>5.&nbsp;Talavi Tech Center<\/h2>\n<div id=\"attachment_1004207824\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Talavi-Tech-Center..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004207824\" data-attachment-id=\"1004207824\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-10-cash-only-office-deals-of-2017\/talavi-tech-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Talavi-Tech-Center..jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Talavi Tech Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Talavi Tech Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Talavi-Tech-Center..jpg?w=640\" class=\"wp-image-1004207824 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Talavi-Tech-Center..jpg\" alt=\"Talavi Tech Center\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Talavi-Tech-Center..jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Talavi-Tech-Center..jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004207824\" class=\"wp-caption-text\">Talavi Tech Center<\/p><\/div>\n<p>Alaska USA Federal Credit Union acquired the 185,000-square-foot Talavi Tech Center for $17.2 million in February 2017 from West Coast Capital Partners. In December 2017, the credit union cited concerns over natural disasters (mainly earthquakes) and announced its decision to relocate to the newly acquired office building in Glendale, Ariz. Located at 5551 W. Talavi Blvd., the two-story property is near Alaska USA\u2019s data center, which opened in 2012.<\/p>\n<h2>4.&nbsp;The Vault<\/h2>\n<div id=\"attachment_1004207823\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/The-Vault.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004207823\" data-attachment-id=\"1004207823\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-10-cash-only-office-deals-of-2017\/the-vault\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/The-Vault.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"The Vault\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Vault&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/The-Vault.jpg?w=640\" class=\"wp-image-1004207823 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/The-Vault.jpg\" alt=\"The Vault\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/The-Vault.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/The-Vault.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004207823\" class=\"wp-caption-text\">The Vault<\/p><\/div>\n<p>Harbor Associates\u2014in a joint venture with Goldman Sachs\u2014paid $17.6 million for a historic <a href=\"https:\/\/www.commercialsearch.com\/news\/harbor-goldman-sachs-close-50m-off-market-transaction\/\">office building in downtown Denver<\/a>, making it the buyer\u2019s first investment in the area. The Long Beach, Calif.-based company acquired the 106,231-square-foot asset from an entity controlled by NAI Shames Makovsky in October 2017. Located at 821 17<sup>th<\/sup> St., the nine-story building was constructed in 1907, significantly modified in 1927 and restored in 2001.<\/p>\n<h2>3.&nbsp;Perimeter Parkview Corporate Center I<\/h2>\n<div id=\"attachment_1004207826\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Perimeter-Parkview-Corporate-Center-I.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004207826\" data-attachment-id=\"1004207826\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-10-cash-only-office-deals-of-2017\/perimeter-parkview-corporate-center-i\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Perimeter-Parkview-Corporate-Center-I.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Perimeter Parkview Corporate Center I\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Perimeter Parkview Corporate Center I&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Perimeter-Parkview-Corporate-Center-I.jpg?w=640\" class=\"wp-image-1004207826 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Perimeter-Parkview-Corporate-Center-I.jpg\" alt=\"Perimeter Parkview Corporate Center I\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Perimeter-Parkview-Corporate-Center-I.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Perimeter-Parkview-Corporate-Center-I.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004207826\" class=\"wp-caption-text\">Perimeter Parkview Corporate Center I<\/p><\/div>\n<p>Desert Troon sold the 106,980-square-foot asset to The Roxborough Group for $20.7 million in September 2017. Developed in 2005 on an eight-acre parcel at 8377 E. Hartford Drive, the two-story building is part of the 260-acre Perimeter Center business park in Scottsdale, Ariz. The complex encompasses more than 1.6 million square feet of office space&nbsp;across&nbsp;approximately 30 buildings.<\/p>\n<h2>2.&nbsp;6350 South Maple Avenue<\/h2>\n<div id=\"attachment_1004207827\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/6350-South-Maple-Avenue.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004207827\" data-attachment-id=\"1004207827\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-10-cash-only-office-deals-of-2017\/6350-south-maple-avenue\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/6350-South-Maple-Avenue.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"6350 South Maple Avenue\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;6350 South Maple Avenue&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/6350-South-Maple-Avenue.jpg?w=640\" class=\"wp-image-1004207827 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/6350-South-Maple-Avenue.jpg\" alt=\"6350 South Maple Avenue\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/6350-South-Maple-Avenue.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/6350-South-Maple-Avenue.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004207827\" class=\"wp-caption-text\">6350 South Maple Avenue<\/p><\/div>\n<p>In one of the biggest all-cash deals, Care Capital Properties acquired a 51,200-square-foot building from Aurora Behavioral Health Care for $23.5 million in May 2017. Located at 6350 S. Maple Ave. in Tempe, Ariz., the property was completed in 1986 and underwent cosmetic renovations in 2009. The single- and two-story facility previously changed hands in 2008, when ScanlanKemperBard Cos. sold it for $5.9 million.<\/p>\n<h2>1.&nbsp;CBIZ Plaza<\/h2>\n<div id=\"attachment_1004207829\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/CBIZ-Plaza.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004207829\" data-attachment-id=\"1004207829\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-10-cash-only-office-deals-of-2017\/cbiz-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/CBIZ-Plaza.jpg\" data-orig-size=\"639,479\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"CBIZ Plaza\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;CBIZ Plaza&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/CBIZ-Plaza.jpg?w=639\" class=\"wp-image-1004207829 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/CBIZ-Plaza.jpg\" alt=\"CBIZ Plaza\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/CBIZ-Plaza.jpg 639w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/CBIZ-Plaza.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004207829\" class=\"wp-caption-text\">CBIZ Plaza<\/p><\/div>\n<p>The largest property on our list traded in February 2017, when LNR Property Corp. sold the 266,166-square-foot asset to&nbsp;Wolf Creek Group for $26 million. Located at 3101 N. Central Ave. in Midtown Phoenix, CBIZ Plaza consists of a 16-story tower, a two-story low-rise building and a six-level parking garage. Boxer Property has managed and leased the property since 2015, and acquired CBIZ Plaza on behalf of&nbsp;the new owner through a Ten-X auction process.<\/p>\n<p><em>Images courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an intriguing finding, a single metro accounts for the lion\u2019s share of the notable all-cash transactions identified by Yardi Matrix.<\/p>\n","protected":false},"author":240,"featured_media":1004207838,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1587,21808,21783,41288,1594,23891,21742,21747,1601],"tags":[39329,32843,34928,36306,33598,37699,32951],"class_list":["post-1004207816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-denver","category-featured","category-investment","category-rc-listicles","category-los-angeles","category-national","category-latest","category-office","category-phoenix","tag-topofthelist","tag-boston-properties-inc","tag-care-capital-properties","tag-harbor-associates","tag-lnr-property-corporation","tag-physicians-realty-trust","tag-vereit"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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