On June 30, the GSA U.S. Bureau of Land Management National Training Center located at 9828 N. 31st Ave. in Phoenix sold for $10,566,000. The 72,454-SF office building was originally developed as a build-to-suit for single-tenant, GSA by Davis Enterprises – Investments & Development in 1994.
The buyer was the Urban Investment Research Corporation (UIRC) and Cushman & Wakefield’s Travis Trautvetter (San Diego office) and Greg Valladao (Phoenix office) brokered the deal. The seller in the transaction was Jenifer Lunt of Davis Enterprises, and she can be reached at 602-275-1000.
“This closing is a great example of a successful transaction of a Davis legacy property that we developed in 1994; we look forward to placing this equity back in the market and developing more urban in-fill projects,” said Lunt.