Original Article from the Business Real Estate Weekly of Arizona.
Phoenix – Walton-EH Thistle Landing Holdings JV VI LLC, a venture formed by Walton Street Capital LLC in Chicago, Ill. (Perry Pinto, et al., principals) and Everest Holdings in Scottsdale (Joe Blackbourn, principal), paid $6.725 million ($66.58 per foot) to buy a 101,006-square-foot office building located within the Thistle Landing business park located near 48th Street and Ray Road in Phoenix. The seller was Plumcor Thistle LLC in Scottsdale (Judson Ball, manager). The cash transaction was brokered through Jim Fijan of CBRE in Phoenix. The property, which was built in 1999, was 30 percent occupied at closing. Jerry Roberts and Corey Hawley of CBRE have the leasing assignment.
The office building is one of four structures within the 383,509-square-foot Thistle Landing complex. In November 1997, BREW reported Ball’s company buying the 40-acre site and planning to develop the business park. Then in November 2005, BREW reported a company formed by Principle Equity Management of Houston, Tex. paying $51.176 million ($181.10 per foot) to buy 282,503 sq. ft. of office space in the first three buildings completed at Thistle Landing. Principle Equity Management still owns those structures.