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Buchalter Represents VEREIT in Sale of PetSmart Headquarters for $110MM

Buchalter represented VEREIT in the sale of PetSmart’s Corporate Headquarters for $110MM in Phoenix, Arizona.  The campus includes three buildings, an on-site daycare center, fitness center, and dog park.  The sale is the Valley’s highest priced office deal of 2021 so far.  VEREIT is a Phoenix-based full-service real estate operating company that owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S., with total real estate investments of $14.7 billion.  The matter was handled by Shareholder Kevin T. Lytle.

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