CHANDLER, AZ-ViaWest Group acquired the139,800-square-foot Chandler Midway Corporate Center from sellerChandler Midway LP. The Phoenix-based buyer paid$10.1 million for the mixed-use office/office condo project thatcame online in the late 2000s.

“For ViaWest, the purchase of Chandler Midway Corporate Centerpresented them with the opportunity to own a newer, Class A officeproject in the heart of the growing Chandler office submarket,”says Scott Baumgarten with Cassidy TurleyArizona in a press release. Baumgarten collaborated withCassidy Turley colleagues Tyler Wilson andMark Stratz to represent the buyer. “The buildingoffered both an established income with an existing lease and theopportunity for adding value through the successful leasing of theremaining space,” he adds.

Chandler Midway Corporate Center, at 5650-5740 W. Chandler Blvd.was built in 2007 and 2008 and consists of two class A,multi-tenant office buildings measuring 55,900 each andapproximately 30,000 square feet of office condominiums. Theoffice buildings are 71% occupied (5710 W. Chandler Blvd.) and 100%occupied (5670 W. Chandler Blvd.). The office condominiums arelisted as for sale.