EverWest Real Estate Partners, in partnership with one of their private investors, is pleased to announce the acquisition of Seville Professional Center, a one two-story building totaling 92,581 square feet located at 7001 North Scottsdale Road in Scottsdale, Arizona.
The Class A office building is situated on +4.005 net acres and is leased to a broad mix of entrepreneurs, investment-grade and blue chip tenants. Seville Professional Center was built in 1990 and enjoys access to the adjoining Scottsdale Seville Shopping Center offering the best in restaurants, bars, boutiques, and luxury services.
Across the street from Seville Professional Center is the Ritz Carlton Paradise Valley development which is under construction and is expected to be completed in 2019. This project is expected to be the premier resort destination in Arizona when delivered to the market.
Amr Ceran, Senior Director with EverWest, comments, “Seville’s walkable amenities, attractive demographics, and the anticipated neighborhood transformation, as well as the value enhancements to the asset within our business plan will maintain and attract quality tenancy. As such, Seville is a great compliment to the EverWest office portfolio and aligns with our targeted investment strategies.”