Penco Properties buys Harris Park Professional Plaza

Above: Courtesy of CPI Real Estate | 26 Aug, 2014 |

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, announced the sale of Harris Park Professional Plaza.  Tyson Breinholt and Shane McCormick of CPI’s Tempe Office Group represented both the buyer and seller in this transaction.

The 27,864 SF, Class B office building is located at 1550 E McKellips Road in Mesa, Arizona and has frontage on McKellips Road, just west of Gilbert Road.

“This transaction came together from my relationship with the out-of-state investor, Penco Properties, who was actively seeking replacement properties for some 1031 Exchange funds. Fortunately, Harris Park Professional Plaza completely met the needs of my client with 100 percent occupancy and a solid tenant history,” said Breinholt.

Harris Park Professional Plaza is a 100 percent leased, multi-tenant office building built in 2001 which was formerly owned by Harris Park Prof Plaza, LLC. Commercial Properties Incorporated picked up the property management account, and Breinholt and McCormick have retained the leasing of the property.

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