The 16-story, 310,837-sf banking and office tower, oftenreferred to as the Bank of America building and a well-known sighton the Mesa skyline, was purchased from Biltmore Holdings ofScottsdale. "It's a beautiful building," John Greenman, vicepresident of acquisitions for AmeriVest, tells of theAlma School and Southern roads property, the city's only skyscraperwhich towers above nearby Fiesta Mall.

"One of the attractions for us is that it's just a dominantbuilding in terms of structure," Greenman adds. "This is a dominantbuilding within the entire Southeast valley. It's the biggesthigh-rise in miles and very identifiable. It's got panoramic views,extensive landscape and it's a very striking landmark in Mesa."

But Greenman says the building's skyline dominance was not thereason behind the purchase. "What's exciting for AmeriVest is tofind our kind of tenants in that building," he says, explaining thecompany's preference for catering to small to mid-size firms.

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