Press Release

CBRE Completes $ 5.6 Million Sale of Historic Office Building in Mesa, Ariz.

17 5 2018

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CBRE has arranged the sale of One MacDonald Center, a 59,843-square-foot, five-story historic office property located at the northeast corner of Main Street and MacDonald Drive in downtown Mesa, Arizona. The property, which was 81 percent leased at time of sale, commanded a sale price of $5.6 million.

Barry Gabel, Chris Marchildon and Will Mast with CBRE Capital Markets, Institutional Properties in Phoenix, represented the seller, Omninet Capital, LLC of Beverly Hills, California. The buyer was Robert Bisetti, an individual Phoenix-based investor.

“We are excited to be involved, along with many other real estate companies, in the beginning stages of the transformation of downtown Mesa,” said Robert Bisetti.

Located in a central downtown Mesa location, One MacDonald Center is situated amongst numerous retail and restaurant amenities, hotels, City of Mesa municipal buildings, museums and the Mesa Arts Center, and is walking distance of two Valley METRO Light Rail stops.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.