Encino, CA-based Kramer-Wilson Co. Inc. acquired Chandler Midway Corporate Center, a 111,800-square-foot office project in Chandler, AZ for $23.3 million. The property includes twin 55,900-square-foot buildings that were sold by entities affiliated with Phoenix-based ViaWest Properties LLC.
Located at 5670 and 5710 W. Chandler Blvd., the fully-leased assets were built in 2007 and are situated on 4.5-acre parcels.
CBRE’s Barry Gabel and Chris Marchildon represented the seller. The buyer was self-represented.
Kramer-Wilson Co. is using the proceeds from the sale of the Wilson family’s Century-National Insurance Co. to assemble a real estate portfolio in Arizona, California, Texas, Colorado, Oregon, Washington and Florida. It has invested $90.65 million in four Phoenix area assets, totaling more than 460,000 square feet.
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