PHOENIX—CBRE has completed the sale of a101,006-square-foot office building located at 4809 E. ThistleLanding in Phoenix. The property sold for $16.75 million.

Jim Fijan and Will Mast withCBRE's Phoenix office negotiated the sale. The buyer wasMenlo Equities. The seller was a joint venturebetween Everest Holdings and Walton StreetCapital.

“Thistle Landing is a smart investment for Menlo providing themownership in a quality office building in a well-establishedcorporate environment,” says Fijan. “The long-term, triple-netnature of the tenants' leases yields a very stable return oninvestment going forward.”

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