Plaza Companies and USAA Real Estate Company sold Arrowhead Professional Center III, a 71,521 SF medical office at 18310 N. 79th Ave. in Glendale.

Arrowhead Professional Center, LLC, an entity formed by YAM Holdings (Dan Dahl, Manager) paid $13.25M to acquire the property.  The seller was RP Arrowhead, LLC, a partnership formed between Plaza Companies’ PDR 79, LLC and USAA Real Estate Company.

The sale was brokered by Cain Brothers RE, LLC of San Francisco and Plaza Companies of Peoria. Arrowhead Professional Center III is currently 89% leased.

The transaction includes an agreement between the new ownership and Plaza Companies where Margaret Lloyd of Plaza Companies will handle leasing for the project moving forward. Plaza Companies will also coordinate all construction services for the property.

“We are very pleased to reach an agreement on the sale of this exceptional medical office property,” said Sharon Harper, president and CEO of Plaza Companies. “We are also very pleased to continue to provide leasing and construction services moving forward to this strong new ownership group.”

Harper said that the sale is part of Plaza Companies’ ongoing efforts to pursue the right opportunities in property ownership, acquisitions, leasing and property management. The company continues to be aggressive on all fronts moving into the new year.