GREENWICH, Conn., March 12, 2018 /PRNewswire/ -- Arch Street Capital Advisors, LLC, a real estate investment advisory firm, announced the acquisition of the El Dorado Tech Center in Gilbert, AZ, on behalf of an institutional client. The property is a 180,480 SF class A office property that is 100% leased to GoDaddy.com ("GoDaddy"), a publicly listed company on the New York Stock Exchange. Headquartered in Scottsdale, AZ, GoDaddy is a global market leader in domain name and registration and one of the world's largest cloud platforms to small, independent ventures. GoDaddy is currently completing a comprehensive capital program to enhance the building, transforming it into a state-of-the-art, creative technology office to complement their existing corporate footprint within the Phoenix MSA.
El Dorado Tech Center is located in the heart of the Chandler/Gilbert submarket. The submarket is the premier office and corporate campus market within the greater metro Phoenix MSA, and is the preferred location for the region's burgeoning technology industry. Often referred to as the Silicon Desert, the region is fast becoming the innovation and technology hub of the Southwest. Notable high tech companies that call the region home include Apple, IBM, Amazon and Intel.
"We are pleased to enter the thriving Phoenix tech office market with the purchase of a high quality, well located asset like El Dorado Tech Center," said Damian Taylor, Senior Vice President at Arch Street Capital Advisors. "We continue to seek quality long-term, single-tenant, net lease office assets on behalf of our institutional clients."
About Arch Street Capital:
Arch Street Capital Advisors, L.L.C. is a full service real estate investment advisory firm. Arch Street specializes in assisting investors with their U.S. real estate strategies including acquisition and joint venture advisory, financing advisory, and asset management and disposition services. Since 2003, Arch Street has advised clients on more than $6.5 billion of acquisitions, dispositions and financings. Arch Street manages, on behalf of its clients, a diverse portfolio of investments in the industrial, office, multi-family, single-family, hospitality, retail, health care, student housing, land entitlement and development sectors of the U.S. real estate market. For more information visit: www.archstreetcapital.com
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SOURCE Arch Street Capital Advisors, LLC