Colliers International Completes $8.73 M Sale of Two Office Buildings in Scottsdale

5010 E. Shea

Colliers International in Greater Phoenix recently completed the sale of two Class B office buildings in Scottsdale for a combined total of $8.73 million.

Fenway Asset Acquisitions LLC of San Diego purchased both buildings, called North Alamos Court I & II.

NAC-I, a general partnership of Phoenix, sold North Alamos Court I, located at 5010 E. Shea in Scottsdale, for $4.5 million.

5040 Shea Holdings, Inc. of Logan, Utah, sold North Alamos Court II, located at 5020 and 5040 E. Shea in Scottsdale, for $4.23 million.

Kim Soule’, vice president of Colliers International, represented the buyer and sellers in both transactions.

“The original developer planned this project as a three-building complex, which was eventually sold to the separate owners. Fenway Asset Acquisitions noticed the unique opportunity to purchase the buildings and will create the business campus environment that was originally intended,” Soule’ said.

Built in 1984, North Alamos Court I is 43,182 square feet, located on 3.27 acres. North Alamos Court II, built in 1985 and renovated in 2000, is 52,813 square feet, located on 3.12 acres.

Fenway Asset Acquisitions plans to change the name of the business campus to Paradise Valley Plaza.

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