George Oliver and Ascentris have jointly acquired a 165,000-square-foot office building located at 7272 E. Indian School Rd. in Old Town Scottsdale for $42.2 million. The property was previously purchased by an entity connected to Goldman Sachs for $40 million in August 2016.
This latest acquisition adds to the partnership’s existing portfolio of properties in Old Town Scottsdale, including the mid-2024 purchase of 4141 and 4167 N. Scottsdale Rd., bringing their total footprint in the area to over 350,000 square feet. Plans are underway for a new George Oliver office campus on this six-acre site at the corner of Scottsdale and Indian School Roads.
The design concepts for this new campus will align with other successful George Oliver projects such as Arbor in downtown Tempe, CASA in Phoenix’s Uptown neighborhood, The Alexander and The Johnathanin downtown Chandler, as well as Bond which is nearing completion on Camelback Corridor.
JLL represented the seller of this building through its brokers Ben Geelan,Wil Mast,Jack Miller,and Gigi Martin.
