A Colorado-based investment company has agreed to pay $10.9 million for the 71,000-sf Mountain View Corporate Center here, a Phoenix suburb that has become one of the region’s tightest office markets. Billardo Properties, based in Telluride, CO, bought the complex from privately held Philadelphia Investment Corp. Mountain View Corporate Center is a three-building development that is fully leased in the Scottsdale Memorial North submarket, not far from one of Scottsdale’s largest hospitals.

The North Scottsdale submarket has the tightest office market of any in metropolitan Phoenix. At the start of the third quarter, the vacancy rate in north Scottsdale was 7.97%, compared to an areawide rate of 11.2%.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.