Chase Tower has new owners after $78.8M sale; renovations planned


Arizona's tallest building has a new owner following a trustee sale earlier this month, according to Business Real Estate Weekly.

The 40-story Chase Tower in downtown Phoenix recently was purchased by 201 North Central Avenue Property LLC, a joint venture between Phoenix-based Wentworth Property Co. and New York-based Taconic Capital Advisors LP, reports BREW. An affiliate of that entity took title to the Chase building with a $78.8 million bid at an April 13 trustee sale. That bid included a 1,900-space…

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