PHOENIX-Buchanan Street Partners, a Newport Beach-based realestate investment firm, has purchased a financially distressedindustrial and office park in Phoenix. The firm has bought MountainVista Commerce Center, a multitenant office and industrial parkmeasuring 133,600 square feet, from Horsham, PA-based BerkadiaCommercial Mortgage for $7.8 million.
The three-building property is situated near Phoenix Sky HarborInternational Airport. Berkadia Commercial Mortgage was acting asthe servicer for the property. For the full story, go toOrange County BusinessJournal.
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