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HIGHEST PRICE: $107.5 MILLION / LARGEST SIZE: 724,000 SF
CHASE TOWER The tallest building in Arizona, the 483 feet tall Chase Tower, was very active on the market in 2018. The building was first sold for $78.8 million to Wentworth Property Co. as a foreclosure deal in April and then Wentworth quickly worked out a deal with a New York investment group, Viola Lordsmeer L.P. JP Morgan Chase occupies 27 floors at the building, but may begin shifting some functions to its new campus in the Discovery Business Park in Tempe. The Tower opened in 1972 after a three-year construction period. It was designed by Los Angeles-based architects Welton Becket & Associates (Ellerbe Becket) and the Phoenix architecture firm Guirey, Srnka, Arnold & Sprinkle and built by contractors Henry C. Beck Company. The property includes an adjacent stacked parking garage which was also acquired in the transaction.
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PEOPLE AND PROJECTS TO KNOW // 2020
FACTS AND FIGURES ///////////////// LOCATION // 201 N. Central Ave., Phoenix VALUE // $107.5 million SIZE // 724,000 SF BUYER // Viola Lordsmeer L.P. SELLER // Wentworth Property Co. SALE // October 24, 2018