A source familiar with the deal tells GlobeSt.com that sale ofthe 2919 W. Chandler Blvd. site is anticipated to close Monday, butcouldn't confirm the price. Dick Lund, Biltmore Holdings'principal, won't elaborate on the reasons for the sale, only sayingit was a non-business decision involving a personal matter with oneof the partners. The scraped site formerly held Gould Electronics'148,367-sf plant.
Biltmore had planned a 234,000-sf spec office building as itsfirst phase for 101 Chandler, claiming it was bringing class Aoffice space to a submarket that needed it. A spokesman with theNew York City-headquartered Rockefeller Group Development Corp.says project details are being kept quiet until after the closingso it's uncertain if the timeline and build-out will remain thesame.
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