An office complex on Tucson’s east side has been purchased as an investment property by a California nonprofit group.
The H.N. and Frances C. Berger Foundation, based in Palm Desert, Calif., paid $17.85 million for the complex near Speedway and Kolb Road.
The three-building cluster at 930, 940 and 950 N. Finance Center Drive is fully leased by insurance company Geico for its regional headquarters, said Bob Young of CBRE, who helped broker the sale.
He said the high-caliber client, which has another five years on its lease, made the property attractive.
Read more of this story in Monday's Arizona Daily Star and on StarNet.