{"id":15841,"date":"2018-03-14T13:22:46","date_gmt":"2018-03-14T13:22:46","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=15841"},"modified":"2026-04-07T12:46:37","modified_gmt":"2026-04-07T09:46:37","slug":"arch-street-capital-snags-phoenix-area-tech-center","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/arch-street-capital-snags-phoenix-area-tech-center\/","title":{"rendered":"Arch Street Capital Snags Phoenix-Area Tech Center"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>The El Dorado Tech Center in\u00a0Gilbert, Ariz., an office building 100% leased to GoDaddy.com, has a new owner. Arch Street Capital Advisors, a real estate investment advisory firm, has recently announced the acquisition of the property on behalf of an institutional client.<\/p>\n<div id=\"attachment_15842\" style=\"width: 385px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-15842\" class=\"wp-image-15842 size-medium\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/el-dorado-tech-center-375x300.jpg\" alt=\"\" width=\"375\" height=\"300\" \/><p id=\"caption-attachment-15842\" class=\"wp-caption-text\">2299 West Obispo Avenue, Gilbert (Yardi Matrix)<\/p><\/div>\n<p>According to <a href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"noopener\"><em>Yardi Matrix<\/em><\/a> data, that client is Dubai-based BMA International, which snatched the 180,480-square-foot Class B asset from Everest Holdings in a $39 million transaction\u2014equating to $216 per square foot.<\/p>\n<p>&#8220;We are pleased to enter the thriving\u00a0<a href=\"https:\/\/www.commercialcafe.com\/office\/us\/az\/phoenix\/\" target=\"_blank\" rel=\"noopener\">Phoenix\u00a0tech office market<\/a> with the purchase of a high quality, well-located asset like El Dorado Tech Center,&#8221;\u00a0Damian Taylor, SVP at Arch Street Capital Advisors, said in a statement.<\/p>\n<p>Located on a roughly 13-acre site at 2299 West Obispo Avenue, the office building has been fully leased to GoDaddy since September 2017, per Yardi Matrix data. The publicly traded Internet domain registrar and web hosting company signed a 10-year lease for the property, ending in August 2027.<\/p>\n<p>The two-story concrete tech center was built in 1997 and is currently in the final stages of a capital improvement program initiated by GoDaddy that aims to transform the building into state-of-the-art creative office space.<\/p>\n<p>The El Dorado Tech Center is part of the Chandler\/<a href=\"https:\/\/www.commercialcafe.com\/office\/us\/az\/gilbert\/\" target=\"_blank\" rel=\"noopener\">Gilbert submarket<\/a>, a premier office and corporate campus market within the greater Phoenix metro area. The region is nicknamed \u2018the Silicon Desert,\u2019 due to the plethora of notable high-tech companies operating there, including IBM, Intel, Amazon, Apple, and Accenture.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The El Dorado Tech Center in\u00a0Gilbert, Ariz., an office building 100% leased to GoDaddy.com, has a new owner. Arch Street Capital Advisors, a real estate investment advisory firm, has recently announced the acquisition of the property on behalf of an institutional client. According to Yardi Matrix data, that client is Dubai-based BMA International, which&hellip;<\/p>\n","protected":false},"author":60,"featured_media":15844,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37,38,39],"tags":[],"class_list":["post-15841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-office","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Arch Street Capital Snags Phoenix-Area Tech Center - CommercialCafe<\/title>\n<meta name=\"description\" content=\"Arch Street Capital has acquired a tech-focused office complex in the Phoenix metro, adding to its growing portfolio of technology-oriented commercial properties.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/arch-street-capital-snags-phoenix-area-tech-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arch Street Capital Snags Phoenix-Area Tech Center\" \/>\n<meta property=\"og:description\" content=\"The El Dorado Tech Center in Gilbert, Ariz., an office building 100% leased to GoDaddy.com, has a new owner. 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