$51M good'buy' in Irving; $58M good'buy' in Phoenix; hello office buyers$51M good'buy' in Irving; $58M good'buy' in Phoenix; hello office buyershttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=154892016-12-21T06:00:00Z2016-12-21T23:30:00Z

​​​​IRVING – The Irving office tower, called CVS Health Tower, was sold as part of a larger deal.​

The Irving office tower sold as part of a $109.5 million portfolio by Atlanta-based Columbia Property Trust Inc​.—which has now exited the Dallas and Phoenix markets.​

The Arizona property is located in Chandler (near Phoenix) was purchased by City Office REIT​ for $58.5 million, according to ​AZRE.

The Irving property sold to Piedmont Office Realty Trust for about $51 million. 

The Irving tower, called CVS Health Tower, is a 12-story, 315,000-sf office building at 750 W. John Carpenter Freeway. 

​Columbia Property Trust had owned the 17-year-old office building in Irving for the past decade. It is primarily leased to the building's namesake CVS Carmark and IBM.

The other building—SanTan Corporate Center in Chandler, Arizona—is also a Class A office building.​ SanTan Corporate Center for $58.5 million.

SanTan Corporate Center consists of two office buildings with a combined 267,000 sf. Built in 2000 and 2003 and acquired by Columbia in 2006, both buildings are 100 percent leased. ​
Dallas Business Journal
Dallas-Fort Worth-Arlington

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