Helix Properties, owned and operated by Ryan Spiekerman and Adam Feldman, recently closed on the purchase of the East Gateway Office Complex situated at the northeast corner of Van Buren and 44 th Streets in Phoenix. The real estate investment and development firm paid $19 million for the complex, which includes two office buildings totaling approximately 232,000 square feet.

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The property’s attractive cost basis provides the new ownership group with the flexibility to offer generous tenant improvement allowances and highly competitive lease rates, positioning the asset to capture demand from tenants seeking well-located and affordable Class A office space in the Phoenix metro.

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