PHOENIX INVESTOR PAYS $7.9 MILLION FOR MEDICAL OFFICE PROPERTY ON SCOTTSDALE ROAD

 
By Champion in : News // Jun 21 2002

Scottsdale – A company formed by investor Neil Ginsberg of Pinnacle Diversified in Phoenix paid $7.9 million to purchase a 46,425-square-foot medical office project at 10900 N. Scottsdale Road in Scottsdale. The seller was a company formed by investor Ricky Lyons of Champion Partners in Scottsdale. The sale was negotiated through Dennis Desmond and Trevor Klinkhammer of Insignia ESG in Phoenix, and Tom Weinhold of NAI Horizon Real Estate Group Inc. in Phoenix. The six-building complex is reported to be 94 percent occupied. NAI Horizon to manage and lease the project. Over the years, BREW has reported Ginsberg buying and selling a number of income-producing properties in the Phoenix area. Ginsberg is interested in acquiring additional real estate assets in the Valley. In April 2000, BREW reported Lyons paying $5.125 million to purchase the Scottsdale Road medical offices. Sources say Lyons may be interested in buying additional income-producing properties in the Phoenix area. Learn more from Ginsberg at (602) 750-3446. Talk to Lyons at (480) 922-9212. Call Weinhold at (602) 955-4000. Reach Desmond and Klinkhammer at (602) 912-1700.

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MEDICAL OFFICE ON SCOTTSDALE ROAD SOLD IN $5+ MILLION DEAL Scottsdale -- A company formed by investor Ricky Lyons of ...