Lee & Associates sells property to Great Hearts Academies for $16.25M
Lee & Associates Arizona has sold a 143,892-square-foot office and warehouse space for $16.3 million to GreatHearts Academies, as they plan to expand their North Scottsdale Campus.
Principals Mark Linsalata, Bill Blake and Colton Trauter represented the owners in the sale to GreatHearts Academies, which was represented by Todd Noel of Colliers International. Located at 16648 North 94th Street, the project consists of a 43,500-square-foot office building and a separate 100,000-square-foot warehouse and distribution facility.
The property, which is situated on 16-acres, was named NAIOP Arizona’s Building of the Year in 2004. It offers easy access to the Loop 101 and Bell Road Interchange, and has over 400 parking stalls. It features private balconies, open plenum ceilings, second floor skylights, three phase power, and the warehouse provides ten dock high truckwells, 30’ clear height and two grade level loading.
GreatHearts Academies plans to open the new Archway Scottsdale Campus for the 2018-19 school year, and will serve students in kindergarten to fifth grade. For more information, visit www.leearizona.com or contact Linsalata at (602) 912-3539, Blake at (602) 954-3761 or Trauter at (602) 474-9503.