Buyer 3433 W. Earll Drive LLP took over ownership of the PhoenixBusiness Park in an all-cash deal from seller Starwood Capital ofPhoenix in a move that added to the new owner's portfolio ofPhoenix properties, Cliff Denton of CB Richard Ellis Inc. tellsGlobeSt.com. He said the new owner plans to hold the property forinvestment purposes.
Located at 3433 W. Earll Dr. near 35th Avenue between Thomas andOsborn roads, the building, built in 1973, appealed to the newowner because its tenant, Woods Lithographic, has a long-term leaseon the building, said Denton, who represented buyer and seller inthe negotiations. The printing firm has been at the same locationfor 11 years.
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