SCOTTSDALE, AZ-Less than two years into its reign, Miller GlobalProperties LLC has sold the 152,473-sf North Scottsdale CorporateCenter to AEW Capital Management LP for its client, the State ofConnecticut Retirement System. The Denver-based seller hascollected $53 million for the class A office building.

According to James B. Fijan, executive vice president in Phoenixfor CB Richard Ellis, Miller Global had acquired the building at18500 N. Allied Way in early 2006, paying $28 million while it wasstill under construction. When construction was completed in April2006, Miller Global immediately signed a 15-year lease withPhoenix-based Allied Waste Industries Inc., which moved itsoperations support center into the space in late summer 2006.

“This was quicker than Miller's standard hold times,” Fijansays. “They're more of a three- to five-year hold kind of group.This was just good timing on their part.”