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George Oliver has sold CASA, a class-A office property in Phoenix to Macquarie Asset Management for $56 million or $312 million per square foot. The sales price is a record for the local submarket.

George Oliver received strong interest in the property from a wide range of investment capital, including high-net-worth investors and institutional investors with international reach. “The experiential aspects of CASA and the building’s recent leasing momentum were the largest drivers for investors,” Curt Kremer, managing partner at George Oliver, tells GlobeSt.com. “These deliverables were something that buyers could take back to their investment committees to not only underscore our impressive results during this uncertain time, but also seed their portfolios with an office building that checks a number of boxes for what the future of office usage will be.”

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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.

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