Douglas Allred Co., a San Diego developer and full service real estate firm, purchased two office buildings in Phoenix for $10.4 million, the Phoenix Business Journal reported.
The two offices built in 1980 and located at Seventh Street and Missouri Avenue, come in just below 83,900 square feet.
Cushman & Wakefield’s Capital Markets Group negotiated the sale between Douglas Allred and Presson Advisory LLC (as determined from county documents).
Douglas Allred has approximately 20 commercial projects in or around San Diego, including University Square, Miramar Industrial Park and Mission Valley Limited. This full-service real estate firm deals with commercial, industrial, retail and residential sectors in California, Arizona, Florida and Texas. According to the company’s website portfolio, its largest presence is in Arizona and San Diego.