George Oliver and Ascentris expand downtown Scottsdale office presence
George Oliver and Ascentris have purchased 165,220 square feet of office space near the intersection Scottsdale and Indian School roads.
(Courtesy JLL)
Phoenix-based developer George Oliver, in partnership with Ascentris, has acquired 7272 E. Indian School Rd.
The $42.25 million acquisition is for 165,220-square-foot office building in Old Town.
The purchase, which follows the partnership’s mid-2024 acquisition of 4141 and 4167 N. Scottsdale Rd., expands the companies’ Old Town footprint to over 350,000 square feet. The properties will be redeveloped into a new trademark George Oliver experiential office campus.
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BUSINESS
George Oliver and Ascentris expand downtown Scottsdale office presence
(Courtesy JLL)
George Oliver and Ascentris have purchased 165,220 square feet of office space near the intersection Scottsdale and Indian School roads.
Posted
Phoenix-based developer George Oliver, in partnership with Ascentris, has acquired 7272 E. Indian School Rd.
The $42.25 million acquisition is for 165,220-square-foot office building in Old Town.
The purchase, which follows the partnership’s mid-2024 acquisition of 4141 and 4167 N. Scottsdale Rd., expands the companies’ Old Town footprint to over 350,000 square feet. The properties will be redeveloped into a new trademark George Oliver experiential office campus.
The Old Town assemblage occupies approximately six acres at the prominent corner of Scottsdale and Indian School Roads. Design concepts for the campus are underway, with renovations slated to begin in 2025.
Final spaces will align with similar George Oliver projects such as Arbor in downtown Tempe, CASA in Phoenix’s Uptown neighborhood, The Alexander and The Johnathan in downtown Chandler, and Bond, which is nearing completion in the Camelback Corridor.
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