Friday, October 23, 2015

Blackhawk Corporate / Northgate Business Centers at I-17 & 101 Sell for $27.5 Million

Area Map

Over 250,000 square feet of office space near the I-17 and 101 freeways sold Tuesday in a bank sale for just under $27.5 million, or $109 per square foot. Cohen Equities is the new owner of these offices, encumbering the property with $29.5 million debt with Taconic Capital. The sellers, special servicer LNR Partners, had acquired these assets at CMBS trustee auction in 2012.

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Blackhawk Corporate Centers and Northgate Business Center rest on 24.4 acres of land. The 252,350 square feet of space is divided among three single-story buildings built in 1997 and 1998.

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