Paradise Valley’s iconic Ascension Lutheran Church was purchased for $11 million last week by one of the Co-Founders of Los Angeles-based cookware company HexClad Cookware, a brand famous for being the cookware choice of celebrity Chef Gordon Ramsay.
Cole Mecray purchased the church located at 7100 North Mockingbird Lane for $500,000 above the listing price with a five-day cash close. Managing Partner at Launch Powered by Compass Frank DiMaggio closed the deal for the 5-acre church.
DiMaggio said it was an honor to help church leadership find a buyer and sell the property located in an important part of town.
“When word got out that Ascension Church was for sale the biggest developers in town and the Paradise Valley community were interested in the property,” DiMaggio said. “This is an iconic piece of architecture on an amazing plot of land so it isn’t a surprise that the property sold over its listing price.”
The Church’s close proximity to the $2 billion Ritz Carlton Paradise Valley project puts it at the center of an increasingly popular and growing community known for high-end homes, shops, and restaurants.
“The property being so close to the Ritz Carlton places it at an important throughway in Paradise Valley that will serve as an essential part of the city’s growth,” DiMaggio said.
Launch Powered by Compass is a premier luxury brokerage firm in Scottsdale, Arizona with over 300 agents. Previously Launch Real Estate, the company was founded by John Vatistas and his partners in 2016 with a focus on providing a premium level of service to its agents and their clients. In March of 2023 the company was acquired by Compass Inc, (NYSE: COMP) one of the nations largest brokerages known for its innovative technology and industry leading professionals.