Grubb & Ellis Sells Arizona Office Building on Behalf of TIC Investors
- Feb 29, 2008
Grubb & Ellis Realty Investors L.L.C. sold 2800 East Commerce in Tucson, Ariz., to Hidden Willows L.P on behalf of tenant-in-common investors. The financial terms of the transaction were not disclosed.The 136,000-square-foot office building is 100 percent leased to Intuit Inc. Built in 1999 on 15 acres, the building contains an onsite fitness center, a full-service cafeteria with an outdoor patio, and onsite educational and recreational accommodations. The property also includes a parking lot with 1,100 spaces Ryan Gallagher of Grubb & Ellis Co. and Thomas Nieman of PICOR Commercial Real Estate Services were the brokers in the transaction.