PHOENIX-Buchanan Street Partners, a Newport Beach-based real estate investment firm, has purchased a financially distressed industrial and office park in Phoenix. The firm has bought Mountain Vista Commerce Center, a multitenant office and industrial park measuring 133,600 square feet, from Horsham, PA-based Berkadia Commercial Mortgage for $7.8 million.
The three-building property is situated near Phoenix Sky Harbor International Airport. Berkadia Commercial Mortgage was acting as the servicer for the property. For the full story, go to Orange County Business Journal.
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