From The Real Deal · TRD Staff · · 40s
Platinum RBC Buy Phoenix Complex
Platinum Advisors and RBC Dev Company purchase Phoenix office complex for $30.5m to create condo opportunities.
In brief
Platinum Advisors and RBC Dev Company purchase Phoenix office complex for $30.5m to create condo opportunities. Platinum Advisors and RBC Dev Company bought a 10-building Phoenix office complex for $30.5m to create condo investment opportunities. Originally reported by The Real Deal.
Phoenix office complex purchase
Platinum Advisors and RBC Dev Company acquired the 10-building Chandler Center Commons complex in south Chandler for $30.5 million.
Property details and price
The complex spans 120,500 square feet across 12 acres with 36 office condos and 95 percent occupancy.
Investment plan for improvements
Buyers plan $1.5 million investment to replace air-conditioning, paint exterior, stripe parking lot, and upgrade landscaping.
The main idea
Platinum Advisors and RBC Dev Company bought a 10-building Phoenix office complex for $30.5m to create condo investment opportunities.
