CBRE Completes $18.4M Sale of Rimrock at ASU Research Park

first_img“Rimrock is an excellent investment opportunity in Tempe and in one of most prominent business parks in the metro area,” said CBRE’s Glenn Smigiel. “ASU Research Park benefits from a unique partnership shared with Arizona State University which aids in fostering tenant growth by providing direct access to ground-breaking research, educational opportunities, faculty, and a young, educated technology minded workforce.” Rimrock is situated in ASU Research Park which is located at Elliot Road and the 101 Freeway in Tempe. The 320-acre business park is considered one of the most notable business addresses in the Phoenix metropolitan area and is home to numerous corporate headquarters and R&D facilities providing a corporate and technology hub for southeast Phoenix. CBRE has negotiated the sale of the leasehold interest in Rimrock at ASU Research Park in Tempe, Ariz. The two-building, ±83,764 SF office complex located at 2030 and 2050 E. ASU Cir. in Tempe. commanded a sale price of $18.4M. The project was 93 percent leased at time of sale. Bob Young, Steve Brabant, Glenn Smigiel and Rick Abraham with CBRE’s Phoenix office in conjuncture with Craig Coppola, Andrew Cheney, Bill Blake and Colton Trauter with Lee & Associates brokered the transaction on behalf of the seller, Rimrock Investors II of Phoenix. The buyer was Las Vegas, Nev.-based W Tempe, LLC. Developed in 2007 by Rimrock Partners (Dean Riesen, Managing Partner and Ron Moore, Partner), the two building office complex is leased to three tenants, including Iridium Satellite, a global mobile satellite company; KINETX, an engineering, technology, software development and business consulting firm specializing in aerospace systems; and Comsys Information Technology Services, a wholly owned subsidiary of Manpower, Inc. Rimrock sits on ±10.10 acres and is comprised of two class A office buildings totaling ±25,457 square feet (2030 Building) and ±58,307 square feet (2050 Building) that also include flex and R&D space for the current tenants. last_img read more

Ohio police chief killed in shooting was father of 6 with baby on the way

first_imgiStock/Thinkstock(NEW YORK) — A police chief who had been on the job for just a few weeks and two nursing home employees are dead after a shooting this morning in Kirkersville, Ohio, officials said.The gunman is also believed to be dead, Licking County Sheriff Randy Thorp said at a news conference.Kirkersville police Chief Steven Eric Disario, 36, died after responding to a call regarding a man with a gun, Thorp said. Deputies came for back up and found him outside the Pine Kirk Care Center nursing home, Thorp said.Authorities learned that a shooter was in the nursing home and went in, where they found three people dead, two employees and an individual believed to be the gunman, Thorp said.The 23 residents of the nursing home were removed, Thorp said. Disario had been the police chief for about three weeks, Thorp said. He is a father of six with another child on the way, Thorp said.The motive is unknown, Thorp said.Kirkersville, about 24 miles east of Columbus, is a small village with a population estimated to be under 600 in 2015. Police are not always on duty, Thorp said.Ohio Gov. John Kasich said in a statement, “Ohio mourns the loss of Kirkersville Chief Eric Disario, who died in the line of duty. Join me in praying for his family, friends and colleagues, and for the others injured in this tragedy.” Copyright © 2017, ABC Radio. All rights reserved.Powered by WPeMatico Relatedlast_img read more