Shea 45 is a 45,700-square-foot multi-tenant office building located in the Paradise Valley submarket. This off-market purchase was cultivated through an existing broker relationship. The entire site and building were renovated to include landscaping, a central water feature, new railings, and exterior finishes, among other improvements. The property was able to achieve above-market occupancy throughout the “Great Recession”, which helped in the refinance of the property in 2013 to maximize returns.