PHOENIX, AZ - Officials with PM Realty Group (PMRG), a nationwide, full-service commercial real estate firm, today announced that the firm provided brokerage services in the .3 million acquisition of Black Canyon Corporate Center, a two-story, Class A office building located on 19 acres at 16404 North Black Canyon Highway in Phoenix.
San Diego-based Shidler West Investment Partners purchased the approximately 226,000-square-foot building from Hart Properties, based in Redmond, Wash. Major tenants at the property include HTI and Paychecks.
Matthew G. Bittick, senior vice president - investment sales & leasing for PMRG's Pacific region, represented the buyer in the transaction.
"Given PMRG's wide network of relationships with individual and institutional investors throughout the mainland United States and Hawaii, this transaction is a perfect example of our ability to match a product with our client, regardless of geographical location," Bittick said. "Having a long-term relationship with Shidler, we found this opportunity in the fast-growing Phoenix market and knew the property would be an attractive investment for our client."