EverWest Sells The Quad for Record Price-Per-Square-Foot

EverWest, in partnership with WHI Real Estate Partners L.P. and co-developer George Oliver Companies, has completed the sale of The Quad, a landmark redevelopment project that reformed a 1982-built executive suites campus into a next-generation creative office community in Scottsdale.

According to MarkerInsider, City Office REIT was the buyer and paid $51 million for The Quad. Those close to the sale said it broke price-per-square-foot records in the South Scottsdale office market.

Located at 6200 – 6390 E. Thomas Rd., at the northwest corner of 64th Street and Thomas Road, The Quad represents a $23 million renovation that between July 2016 and November 2017 delivered 166,606 square feet of creative office space in 14 modern, multi-tenant buildings – an effort that earned the project the NAIOP 2017 Redevelopment Project of the Year award.

CJ Osbrink, Kevin Shannon, Ken White, Paul Jones, Brunson Howard and Rick Stumm of NKF Capital Markets represented EverWest and WHI in the transaction.