PHOENIX-Colliers International in Phoenix has listed One11Tower, a 255,556-square-foot multi-tenant office building in downtown Phoenix, on the market for sale. The 18-story building is located at the southwest corner of Monroe Street and First Avenue.
BCL of San Diego bought the property in early 2007 for $40 million, but it defaulted on the loan with San Francisco-based GE Capital Real Estate, which assumed control over the property through foreclosure. The building, constructed in 1963, has been listed for $29.5 million. For the full story, go to Phoenix Business Journal .
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