Parallel Capital Nabs $20M Scottsdale Office Asset

The company has acquired Kierland Corporate Center, a 78,273-square-foot property built in 2009.

Kierland Corporate Center Kierland Corporate Center

Phoenix—San Diego-based Parallel Capital Partners has announced the purchase of Kierland Corporate Center in Scottsdale, Ariz. The Class A office complex traded for $20 million, being sold by Bataa/Kierland II LLC.

“The center is situated in an ideal Scottsdale location in the 730-acre Kierland master planned community – considered one of the best addresses in metro Phoenix – with outstanding tenant demand as well as close proximity to a wealth of housing, dining, retail, resorts and entertainment options. We are thrilled to expand our presence in the Phoenix area – one of the fastest growing cities in the nation and home to six Fortune 500 companies,” said Matt Root, CEO with Parallel Capital Partners, in a prepared statement…

Parallel Capital Nabs $20M Scottsdale Office Asset

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