News Archives - 2005

Acquisition and Investment News

11/03/05
Crown West Sells 60,000-SF Facility, Plans Adjacent 60,000-SF Office-Condo
SCOTTSDALE, AZ - Six months after acquiring the 59,570-sf Giant Industries' corporate headquarters and the 8.4 acres on which it sits, Crown West Realty of Phoenix has sold the Class A building for $12.65 million to Chicago-based United Insurance Co. The company also plans to retain 4.4 acres of the adjacent undeveloped land for a 60,000-sf office condominium development.

09/29/05
Crown West Acquires Eighth Phoenix Site
Crown West Realty LLC, of Spokane Valley , has bought for $16.1 million a two-building office complex in Phoenix.

09/01/05
Crown West Acquires Foothills Corporate Centre II
PHOENIX – Crown West Realty, L.L.C. announced today the acquisition of Foothills Corporate Centre II in the Southeast Valley sub-market of Phoenix . The $16.1Million transaction, the eighth Phoenix area acquisition for Crown West Realty, brings their total market presence to 1.35 million square feet of office and commercial flex space.

09/01/05
Crown West goes into Denver area
Crown West Realty LLC, of Spokane Valley, has bought a $12 million office complex in the Denver area, its first acquisition in that market.

08/15/05
Crown West Acquires Corporate 25
Crown West Realty LLC, of Spokane Valley , has bought for $16.1 million a two-building office complex in Phoenix.

08/12/05
Crown West Completes Inaugural Purchase in Denver Market
Denver, CO - Crown West Realty LLC recently purchased the 132,800 -square-foot Corporate 25 office complex in Southeast Suburban Denver from DPC Development Company for $12 Million.

06/14/05
Crown West Realty Acquires $13.8 Million Scottsdale Office Building
Scottsdale, Ariz. -  Crown West Realty LLC recently purchased the 66,283-square-foot Giant Industries Corporate Headquarters situated on 8.43 acres at 23733 N. Scottsdale Rd. in Scottsdale. Diversified Partners sold the two-story office building for $13.8 million. Crown West will team with LGE Design Build to develop a 60,000-square-foot office condominium development that is scheduled to break ground in January 2006."

05/31/05
Crown West Realty Acquires Giant Corporation Headquarters
Crown West Realty, L.L.C. recently completed the purchase of the Giant Industries Corporate Headquarters in Scottsdale. This represents the 7th acquisition for Crown West Realty in the Phoenix area over the last three years.

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