New York-based Innovatus Capital Partners has acquired Waypoint, a class-A office property in Mesa, Arizona, for $107.6 million from a joint venture between Harvard Investments and Lincoln Property Co.
The property is 426,951 square feet, and it is 98% leased to tenants including Cognizant, Verra Mobility, Mitel, Beazer Homes.
Barry Gabel, Chris Marchildon and Will Mast of CBRE in Phoenix represented the sellers and building developers.
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Kelsi Maree Borland
Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.
