PHOENIX—ViaWest Group has sold two premierclass A office buildings in the Phoenix metro area for a total of$11.1 million. CBRE negotiated the sale toMelcor Development of the 24,154-square-footPerimeter Parkview Corporate Center at 8355 E. Hartford Dr. inScottsdale, and the 35,066-square-foot Chauncey Professional Centerlocated at 6930 E. Chauncey Lane in Phoenix, for a combined59,220-square-foot investment. The buildings commanded sale pricesof approximately $4.1 million and $7 million, respectively.

Barry Gabel and ChrisMarchildon with CBRE's Phoenix office represented theseller, ViaWest Group of Phoenix. The buyer, Edmonton, Alberta,Canada-based Melcor Developments Arizona, Inc., was represented byTom Swan with Amcal Southwest.

ViaWest originally purchased the properties in two separatetransactions. The Chauncey property was purchased in December2006 in shell condition and ViaWest was able to lease up theproperty from zero percent in late 2007 to 100 percent by mid-2009during a very difficult leasing period. This was done throughbuilding spec suites of varying sizes, creative marketingapproaches and unique lease structures. The Perimeter Parkwayproperty was bought at a trustee sale in January 2011 with aportion of the property leased and the balance in shellcondition. Within one year of purchase the property was 100percent leased.