"[Equus] was looking for an office building on Central Avenue toconvert," says Chris Ackel, a senior associate with CB RichardEllis Inc.'s Phoenix office who represented Equus in thetransaction. "Central Avenue is really starting to emerge as acondo market."
Situated on roughly three acres at 3225 N. Central Ave., CenturyPlaza is ideal for residential condominiums, says Rick Abraham, asenior associate with CBRE who represented the Praedium Group inthe transaction. He was assisted by CBRE's Bob Young, StevenBrabant, Glenn Smigiel, Charles Miscio, Ashley Brooks, KeithLambeth and Jim Bayless.
Abraham tells GlobeSt.com that Century Plaza received 10 offers."There's this whole revival going on with Central Avenue. There's alot of activity down there and if you're ever thinking of selling,now would be the time," he says.
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