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Article: The Arizona Republic Real Estate Briefs.

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Knight Ridder/Tribune Business News
Article date:
September 7, 1999
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Knight Ridder/Tribune Business News

Sep. 4 -- NEW OWNER FOR CORPORATE CENTER: A Chicago investment firm has upped its stake in Phoenix's real estate market.

Transwestern Investment Co. just paid $37.4 million for the Corporate Center, which is across from Metrocenter Mall. The eight-building business park has American Express as an anchor tenant.

This is the $1.5 billion property firm's 11th real estate buy in Arizona. Some of Transwestern's other major properties include Phoenix Tech Center, South Mountain Corporate Center and the Corporate Center at Squaw Peak.

The firm's newest Valley acquisition at 9802 N. 25th Ave. is 92 percent ...

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