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February 22, 2019
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AZ Office Asset Traded in $9.6 Mil Deal


Talavi Spectrum, a 74.7k sf office property in Glendale, AZ, was purchased by Dunbar Real Estate Holdings of El Segundo for $9.58 mil ($128/sf). The property is located at 5701 W. Talavi Blvd, within the 67-acre Talavi Business Park.

Talavi Spectrum is a two-story, multi-tenant building that is currently 65% occupied. Developed in 2002 by The OPUS Group, the Class A property features high-quality construction, functional floor plates, interior improvements and a unique campus-style setting.

The seller was advised by New York-based Zurich Alternative Asset Management. Tracy Cartledge, Bob Buckley, Steve Lindley and Michael Kitlica of Cushman & Wakefield negotiated the transaction on behalf of both the buyer and seller.

Talavi Spectrum is situated just south of Bell Road one of the most utilized thoroughfares in Phoenix. It is less than two miles from the Loop 101 Freeway and is adjacent to retail amenities such as Talavi Towne Centre, Sprouts Center and Glendale Market Square.

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