Commercial Property Executive Virtus Real Estate Capital has paid $48.5 million, or $692.86/sf, for Banner Health Center Plus at The Grove, a 70,000-square-foot medical-office building in Phoenix. The Austin, Texas, investment manager purchased the property from RED Development, which was represented by JLL. The property, at 4200 East Camelback Road, is encumbered by a $30 […]

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