CBRE negotiated the $6.2 million sale of two office buildings in the Paradise Village Office Park to Phoenix Enterprises LLC. CBRE’s Geoffrey Turbow represented the seller in the transaction along with Charlie von Arentschildt of JLL.

“This represents a rare opportunity to invest in one of Phoenix’s most vibrant and rapidly evolving submarkets,” said Turbow, CBRE vice president, in a press release announcing the sale. “With its strategic location adjacent to the redeveloped Paradise Valley Mall, these assets are exceptionally well-positioned to capitalize on the area’s ongoing revitalization and long-term growth trajectory.” 

Paradise Village Office Park I is a two-story, 15,124-square foot office building located at 11405-11411 North Tatum Blvd. Its sister property, Paradise Village Office Park II, comprising 46,813-square feet, shares the park-like campus at 11801 North Tatum Blvd. Both buildings were fully occupied at the time of sale.