by J. Craig Anderson – Feb. 14, 2012 04:58 PM
The Republic | azcentral.com
Hayden Ferry Lakeside II, a 12-story, multi-tenant office building at 60 E. Rio Salado Parkway in Tempe, has been sold for $86 million, a broker involved in the transaction said.
Jim Fijan in commercial real estate firm CBRE’s Phoenix office represented the buyer, an affiliate of Parkway Properties Inc., which owns the adjacent, eight-story Hayden Ferry Lakeside II.
CBRE also represented the seller, whose name it would not disclose.
As of March 2011, the building was owned by New York-based Sumitomo Corp. of America, which had acquired the property in 2008 from developer SunCor for $92.5 million.
The building is in a mixed-use project consisting of 1.6 million square feet of office, retail and residential condominium units on Tempe Towne Lake.
Built in 2007, Hayden Ferry Lakeside II was 95 percent occupied at the time of sale, the broker said.