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A partnership between Hines and PCCP has sold Kierland One, a class-A office building in Phoenix, to Dallas-based Velocis. The sellers, who purchased the building in 2013, brought the property to 90% occupancy after recently finishing a building refresh that included renovating the lobby and updating the exterior paint. The sales price was not disclosed.

Kierland One is a Class A office building located in the Kierland submarket. Situated on 11 acres, the four-story building, 16430 N. Scottsdale Road, is across from the Promenade Shops, within the Kierland master-planned development. The surrounding area has attracted many banks and financial organizations and is located near the Scottsdale Quarter, Kierland Commons and the Westin Kierland Resort & Spa.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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