Phoenix, Arizona – September 13, 2013 –Justin Horwitz, Nicole Ridberg and Neil Sherman of Sperry Van Ness, LLC in Phoenix represented the seller, Pacific Western Bank, in the sale of the Offices at Reems, a 16-unit office condo portfolio located at 15515-15571 N. Reems Road in Surprise, AZ.
The bank owned shell and built-out condo units sold for $1,350,000 or $56.00 per square foot and closed on August 27, 2013. The portfolio is approximately 24,101 SF.
“The transaction turned out to be a win-win for both the buyer and seller,” said Justin Horwitz. “This sale put the Offices at Reems back on track to being a vibrant and desirable office condo project in the West Valley.”
The Buyer, Reems and Greenway, LLC, was represented by Steve Cook of Escee Properties.