rsz_10210s50thplace

BASIS Schools Completes $2M Purchase of Ahwatukee Office Building

 

Cassidy Turley completed the sale of Mosaica Office Building, a 65,900 SF, Class C office building at 10210 S. 50th Place in Phoenix. BASIS Schools purchased the property for $2M from Educational Facilities Acquisitions of Phoenix.

Cassidy Turley Arizona’s Executive Vice President Eric Wichterman and Vice President Mike Coover negotiated the sale transaction along with Terry Warren of Arizona Charter Commercial Realty.

Founded in 1998 in Tucson, BASIS Schools is a college preparatory school that educates American students at the same level as international students in top performing countries such as Finland, Canada, and Japan.

It has achieved top national rankings with a rigorous liberal arts curriculum. BASIS currently has eight Arizona locations with new schools opening in 2013-2014.

Built in 1985 and renovated in 2006, 10210 S. 50th Place is configured for school set-up and located in the prestigious community of Ahwatukee Foothills. Once the home of Ahwatukee Foothills Prep, the building was vacant at the time of sale. BASIS Ahwatukee is projected to open August 2013

 

POSTED: . TAGS:
AZRE

About AZRE

Pulling together the multiple facets of the commercial real estate industry in Arizona, AZRE: Arizona Commercial Real Estate Magazine reaches out to the largest local and national commercial real estate audience within the Grand Canyon State and beyond. AZRE covers up-to-date happenings within commercial development, brokerage, construction, investment, finance, architecture, property management, real estate law and more as it relates to Arizona. Additionally, AZRE is an active voice within the commercial industry, partnering with such organizations as NAIOP, ABA, ICSC AZ, AIA AZ and Valley Partnership.