Vizzda – September 13, 2013 – Cole Real
Estate Investments of Phoenix has acquired three properties from LBA Realty of
Irvine for a total of $56.33m. Steven Layton at LBA oversaw the transaction;
Robert Micera is the chief investment officer at Cole Real Estate Investments.
Portfolio Details:
Devry University at 2149 W Dunlap Ave in
Phoenix is a ±122,646 ft2 2-story office built in 1991 on ±17.93
acres. LBA reports a 12:1000 parking ratio. $23.03m or $188 per ft2.
LINK
Cotton Center II at 4121 E Cotton Center
Blvd in Phoenix is a ±99,734 ft2 flex warehouse with mezzanine
office built in 2000 on 8.70 acres. $18.88m or $189 per ft2. LINK
Rio Salado Corporate Center at 1415 W 3rd
St in Tempe is a ±82,257 ft2 warehouse built in 1981 on 5.33 acres. $14.42m or
$175 per ft2. LINK
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