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EverWest Sells Great American Tower
December 6, 2016
EverWest is pleased to announce the sale of 3200 North Central Avenue Phoenix, Arizona.
EverWest Real Estate Partners and American Realty Advisors are pleased to announce the sale of Great American Tower, a landmark high-rise office building at 3200 North Central Avenue, in the heart of Phoenix's Midtown office submarket.
Great American Tower, acquired in 2007, has been recapitalized and improved with a series of upgrades that, among other things, have earned the building an ENERGY STAR® ranking of 97 and a "Kilowatt Krackdown" award from the Phoenix Building Owners and Managers Association (BOMA) Green Building Committee.
Built in 1985, Great American Tower is a 24-story, Class A high-rise office building totaling 344,527 square feet, with average building floorplates of 15,000 square feet. The property sits on 2.6 acres at the high-profile intersection of Osborn Road and North Central Avenue.
"This is an exciting time to own and operate office space in the Central Avenue corridor," comments Amr Ceran, Senior Director for EverWest. "Tenant interest is strong, and there is still solid upside potential for landmark properties like Great American Tower."