Birtcher Anderson Realty

Birtcher Anderson Participates in Two Transactions Totaling $55.7Mln

Birtcher Anderson Realty LLC has teamed up with Pacific Coast Capital Partners to buy Deer Valley Office Park in Phoenix for $36.6 million.

Birtcher, a real estate investment, advisory, and development firm out of San Juan Capistrano, Calif., and Pacific of El Segundo, Calif., bought the property from pension advisor International Capital Partners LLC of Phoenix.

The property at 20410 and 20430 North 19th Ave. consists of a pair of two-story, class-A office buildings that rests on 10.6 acres, adjacent to Loop 101 Freeway and Interstate 17. Built in 2001, the office park totals 175,225 square feet and is 97 percent leased to ten tenants that include PSCU Financial Services, Universal Technical Institute, TATA and H&R Block.

Bob Buckley of Grubb & Ellis represented the buyer as well as the seller.

In a separate transaction, Birtcher purchased the Magnolia Commerce Center in Reno, Nev. for $19.1 million dollars. The five-business office and industrial complex, which also includes retail showroom space, totals 129,767 sf. Magnolia, which is 70 percent occupied, sits on 13.8 acres at the intersection of 1150 Financial Blvd. and 5580 Mill St. The transaction, which was brokered by Bill Palmer and John Sedar of the Sacramento, Calif.-based Palmer Team, marks Birtcher's entry into the Reno real estate market.

Both transactions increase Birtcher's overall commercial real estate portfolio to about 4 million sf.

# # #