Chandler Corporate Center Sells For $9.9m

CHANDLER, ARIZ. — Chandler Corporate Center, a 70,573-square-foot office building in Chandler, has
sold to Chandler HFP LLC for $9.9 million. The Chandler entity was formed by principals at Held
Properties. This is the firm’s first Arizona-based acquisition. The two-story building is located at 585 North
Juniper Dr. in Chandler. It is fully leased to three tenants, including Garmin International, STA Travel and
MediServe. Cushman & Wakefield of Arizona represented both the buyer and the seller, Corporate
Center LLC, in this transaction. It will also manage the property on behalf of the buyer.

“We are delighted to have acquired a quality building with three outstanding tenants and to be entering
the Arizona Class A commercial market, where we believe the commercial market is on the upswing,”
said Robert D. Held, president and CEO of Held Properties. “It is our intent to seek additional properties
in Arizona and California, as we continue to build our real estate portfolio.”

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