Tempe lakeside building -- home to KPMG, Microsoft -- sells for $86M - East Valley Tribune: Business

Tempe lakeside building -- home to KPMG, Microsoft -- sells for $86M

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Posted: Wednesday, February 15, 2012 7:12 am

A 12-story office building at Hayden Ferry Lakeside has sold for $86 million. The Hayden Ferry Lakeside II building was sold to Parkway Properties Inc., which owns the adjacent 8-story office tower. The seller was not disclosed by real estate brokerage CBRE, which represented the buyer and seller.

The Class A building is 95 percent leased, with tenants including Microsoft and KPMG.

The office building is part of the 1.6 million-square-foot complex of offices, retail space and condos that fronts Tempe Town Lake. The building was constructed in 2007.

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