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PHOENIX—A partnership this week between Lowe Enterprises, a national real estate investment, development and management firm, and institutional investors advised by J.P. Morgan Asset Management, has acquired a two-building, 327,263-square-foot portfolio of suburban office properties in Phoenix and Scottsdale, Ariz. Located in the Paradise Valley area of Phoenix is 5090 N. 40th St., and Scottsdale Financial Center III is located at 7272 E. Indian School Rd. in Scottsdale.

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