Beverly Hills, CA Investor Purchases Phoenix Office Property for $11.95 Million

PHOENIX, November 14, 2019 – On behalf of Pueblo Nuevo Holdings, LLC (principal, Jason Buxbaum), Cushman & Wakefield has closed the sale of Pueblo Nuevo located at 301 E. Bethany Home Road in Phoenix. GMK Assets Corporation of Beverly Hills, Calif. purchased the property for $11.95 million.

Pueblo Nuevo is a garden-style, 95,810-square-foot multi-tenant office complex. The Property features attractive Santa Fe architecture and large central courtyards filled with gardens, Koi ponds and waterfalls. An extensive renovation of the property was completed from 2016 to 2018.

Eric Wichterman and Mike Coover of Cushman & Wakefield Phoenix represented the seller in the transaction.

Wichterman stated, “Pueblo Nuevo is a unique ‘niche’ office building with a superb location within the prized 7th Street Corridor, which has emerged as a hotspot for hip restaurants, retail, apartments and upscale office space.”

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
2019-11-14T16:37:15-07:00November 14th, 2019|