SCOTTSDALE, AZ-After searching more than a year, Clear Creek Associates LLC has bought a 10,000-sf office building in an off-market transaction for $1.6 million. The engineering firm will occupy half of the building at 6155 E. Indian School Rd.

“Acadia Green Office Building was a perfect fit,” says Adam Tolson, a principal at Lee & Associates Arizona who represented the buyer. The seller, Targun Properties of Scottsdale, was represented internally. “We couldn’t find anything in Phoenix, and (the firm) is going to be able to move into the new space without making any changes,” Tolson says.

Tolson tells that Clear Creek Associates will move from 4,492 sf at 2150 E. Highland Dr. to 5,000 sf in Acadia Green. Executive suite tenants occupy the remaining 5,000 sf of the two-story building. Asking rental rates range from $18 to $19 per sf.

Clear Creek Associates will relocate more than 20 employees to its new headquarters location, Tolson says. “The new location is closer to the company’s employment base and clientele,” he notes. In addition to expansion space, Tolson says Clear Creek Associates wanted to buy a building for tax and investment purposes.

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