PHOENIX—Cassidy Turley announces thatKootenay Holdings, a private investor, hasacquired Palm Valley Office Park I & II, a 83,575 square footoffice project located at 1616 N. Litchfield Rd. and 1646 N.Litchfield Rd. in Goodyear, for $15.35 million ($183.67 per squarefoot). The seller was REO asset manager, SteveSchrag of Key Bank c/o KeyCorpReal Estate Capital Markets, Inc.

Senior managing directors Bob Buckley,Tracy Cartledge and Steve Lindleywith Cassidy Turley's capital markets group brokered thetransaction on behalf of the buyer and the seller.

Cartledge tells GlobeSt.com, “Palm Valley isits own micro submarket that operates independently—it's isolated,but in a good way, there is much better supply and demand. Locationwas key for the buyer. There is a lot of medical office in the areaand this location benefits from the overflow from the hospital andcancer center nearby.