Cushman & Wakefield Negotiates Sale on Behalf of Bridge Investment Group
PHOENIX, May 28, 2019 – Cushman & Wakefield announced that Salt Lake City-based Bridge Investment Group sold Desert Canyon 300, a 149,211-square-foot office building located at 2411 W. Peoria Avenue in Phoenix. San Francisco-based Drawbridge Realty purchased the property.
Steve Lindley, Bob Buckley and Tracy Cartledge of Cushman & Wakefield’s Phoenix office negotiated the transaction on behalf of the seller.
Built in 2001 by The Alter Group, Desert Canyon 300 is a Class A office building that is 100% leased to a NYSE-listed corporation with over $2 billion in revenue.
Centrally located in Phoenix, the Interstate 17 corridor has one of the highest concentrations of Fortune 500 companies in Metro Phoenix. Lindley stated, “As a well-located office asset with excellent intrinsic value, and with stable income from a blue chip tenant, Desert Canyon 300 is well-positioned for continued strong performance under the new ownership.”
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.