Wednesday, January 6, 2016

Raintree Corporate Center Sells for $49.5 Million

Area Map

A joint venture between Viawest Group & Contrarian Capital Management purchased the nearly 300,000 square foot Raintree Corporate Center for $49.5 million in a cash-only transaction. Sellers CW Capital had acquired the property via trustee auction in 2011 as special servicer to $59 million CMBS note.

The Raintree Corporate Center consists of two 3-story buildings built in 2002 and 2004 on 13 acres near the 101 and Frank Lloyd Wright Boulevard. This asset includes two parking garages of both above and below-grade level.

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