A local investor team led by Andrew Cohn has scooped up Tempe Office Park from Oaktree Capital Management for $61.5 million, locking down a nearly 300,000-square-foot campus at a time when a lot of office deals are stuck in neutral. The collection of buildings, completed in 2005 and 2007, was almost fully leased when the sale closed, putting it squarely in the camp of stabilized office properties that are increasingly being paired with bigger land and data center strategies in the East Valley.
The transaction was first detailed by Connect CRE, which reported that Oaktree Capital Management sold the nearly 300,000-square-foot suburban office campus to the Cohn-led group and that occupancy at closing was nearly 100%. The outlet also noted that the park, built in 2005…..