Cassidy Turley announced the $2.3 million ($98.12/psf) sale of Talavi Business Park, a Class B office development at 5810 West Beverly Lane in the Glendale Submarket. Ironwood Glendale, LLC purchased the property for from California-based Coneen Family Trust.
Executive Managing Director Eric Wichterman and Senior Vice President Mike Coover with Cassidy Turley negotiated the transaction on behalf of the seller, while Mike Sayre of Cushman and Wakefield represented the buyer.
Built in 1999, Talavi Business Park is a ±24,180-square-foot, office complex consisting of a one-story building on 2.80 acres. The property is located south of Bell Road and 59th Avenue. Talavi Business Park is accessible from the Loop 101 and Interstate 17 freeways and in close proximity to shopping, restaurants, resorts and golf.