CBRE arranged the sale of Green Valley Corporate Center South for $17.25 million to Los Angeles-based Partners Capital Inc, and Las Vegas-based CNR Retail. The new owners plan to redevelop the office buildings into a retail center with restaurants, entertainment venues, and health and wealth businesses. The two buildings total 91,742 square feet and were built in 2000 and 2002 as part of an 8-building office portfolio. According to Partners Capital President Bobby Khorshidi, plans include outdoor spaces, art installations, lots of greenery, and seating areas to act as meeting spaces for the community. The buildings are at 2500 and 2550 Paseo Verde Parkway just northeast of the Bruce Woodbury Beltway. Construction on the project is expected to begin in a year or less.
Read more here: