PHOENIX – A joint venture between USAA Real Estate, headquartered in San Antonio, Texas, and Metro Commercial Properties, headquartered in Tempe, Arizona, has completed the sale of Norterra West Two, an office property located at 25800 N. Norterra Parkway in Phoenix. SCD Norterra II LLC, a company controlled by Silver Creek Development, based in Phoenix, acquired the property for an undisclosed price.
The three-story office building in a suburb has 144,800 square meters of office space with around 50,000 square meters of floor slabs, up to 4.5 meters ceiling height from ceiling to ceiling, two toilet cores and triple redundant staircases.
Chris Toci and Chad Littell from Cushman & Wakefield represented the seller. Silver Creek’s Charles Essig represented the buyer on the transaction.