{"id":1004574273,"date":"2022-04-01T12:12:11","date_gmt":"2022-04-01T20:12:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004574273"},"modified":"2022-12-08T13:03:52","modified_gmt":"2022-12-08T21:03:52","slug":"george-oliver-sells-experiential-office-duo-for-87m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/george-oliver-sells-experiential-office-duo-for-87m\/","title":{"rendered":"George Oliver Sells Experiential Office Duo for $87M"},"content":{"rendered":"<div id=\"attachment_1004574274\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/The-Alexander.-Image-courtesy-of-JLL-e1648818517672.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004574274\" data-attachment-id=\"1004574274\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/george-oliver-sells-experiential-office-duo-for-87m\/the-alexander-image-courtesy-of-jll\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/The-Alexander.-Image-courtesy-of-JLL-e1648818517672.jpg\" data-orig-size=\"732,549\" 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 Alexander. Image courtesy of JLL\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Alexander. Image courtesy of JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/The-Alexander.-Image-courtesy-of-JLL-e1648818517672.jpg?w=732\" class=\"wp-image-1004574274 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/The-Alexander.-Image-courtesy-of-JLL-e1648818517672.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/The-Alexander.-Image-courtesy-of-JLL-e1648818517672.jpg 732w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/The-Alexander.-Image-courtesy-of-JLL-e1648818517672.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004574274\" class=\"wp-caption-text\">The Alexander. Image courtesy of JLL<\/p><\/div>\n<p><strong>George Oliver<\/strong> has sold The Alexander &amp; The Johnathan, a 218,580-square-foot pair of experiential office properties in Chandler, Ariz., for $86.5 million. <strong>JLL<\/strong> represented the seller and procured the buyer, <strong>Asana Partners<\/strong>, in the transaction.<\/p>\n<p>The Alexander offers 112,070 square feet with 21,524 square feet floorplates, according to CommercialEdge data. A total of 536 parking spaces are also available in a 4.8 spaces per 1,000 square feet parking ratio. Neighborhood Loans, Nova Home Loans, American Group, First Credit Union and the Chandler Chamber of Commerce are among the building\u2019s tenants.<\/p>\n<p>The Johnathan features 107,510 square feet with 21,532 square feet floorplates, according to the same data provider. A total of 596 parking spaces are available in a 5.7 spaces per 1,000 square feet parking ratio. Tenants at The Johnathan include companies such as Ports America, Morbivity, Levementum and Homeowners Financial Group.<\/p>\n<h2>Added value in metro Phoenix<\/h2>\n<p>Originally built in 1988 and 1998, <a href=\"https:\/\/www.commercialsearch.com\/news\/george-oliver-buys-2-arizona-office-assets-for-39m\/\">The Alexander &amp; The Johnathan last traded in 2019<\/a>, when the previous owner bought the properties for $38.8 million. Subsequently, the assets underwent renovations in 2021, when they were repositioned as experiential office space. Combined, the properties are currently 93 percent leased. Amenities include a library, outdoor gaming area, dog patio, green room, meditation room, tenant lounge and billiards room. Tenants also have access to complimentary fitness classes, a yoga studio and a fitness center.<\/p>\n<p>Located at 25 South Arizona Place and 55 North Arizona Place in downtown Chandler, the assets are surrounded by a variety of dining, retail, entertainment, as well as residential options.<\/p>\n<p>Last year, George Oliver sold another <a href=\"https:\/\/www.commercialsearch.com\/news\/george-oliver-pockets-57m-for-experiential-office-asset\/\">experiential office redevelopment<\/a>\u2014the 177,522-square-foot CASA in Phoenix\u2019s Uptown neighborhood\u2014for $56.5 million. The company completely upgraded the property in 2020.<\/p>\n<p>Managing Director Ben Geelan, Senior Director Will Mast and Managing Director Brian Ackerman led the JLL team that brokered the transaction on behalf of the seller.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JLL represented the seller and procured the buyer of the Chandler, Ariz., assets.<\/p>\n","protected":false},"author":3142,"featured_media":1004574274,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747,1601,15],"tags":[33708,44387,32796],"class_list":["post-1004574273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-office","category-phoenix","category-west","tag-asana-partners","tag-george-oliver-companies","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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