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Lincoln Property sells Tempe, Ariz., office building for $90M

Lincoln Property Co. sold the four-story Grand 1 office building in the Grand at Papago Park Center in Tempe, Ariz., for $90 million, the Phoenix Business Journal reported.

Florida-based real estate investor Susquehanna Holdings purchased the building, which is 100% leased by Tokyo-based MUFG and SAP.

The Grand at Papago Park Center is a 60-acre mixed-use project within the larger 350-acre Papago Park Center, the publication noted.