Commercial Real EstateRecent Deals

Sperry Van Ness Completes $1.35 Million Condo Sale

Offices-at-Reems SVN- 2GX743

Justin Horwitz, Nicole Ridberg and Neil Sherman of Sperry Van Ness, LLC represented the seller, Pacific Western Bank, in the sale of the Offices at Reems, a 16-unit office condo portfolio located in Surprise, AZ.

The bank owned shell and built-out condo units sold for $1,350,000 or $56.00 per square foot and closed on August 27, 2013. The portfolio is approximately 24,101 SF.

“The transaction turned out to be a win-win for both the buyer and seller,” said Justin Horwitz. “This sale put the Offices at Reems back on track to being a vibrant and desirable office condo project in the West Valley.”

The Buyer, Reems and Greenway, LLC, was represented by Steve Cook of Escee Properties.

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