District office consolidation purchase
Gateway Community College-Central CityArizona- Detected
- Jul 20, 2026
- 106 days ago
- Sector
- Capital Projects
- Est. value
- Free account
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THE 30-SECOND BRIEF
The Governing Board approved purchasing the property at 8530-8550 S. Priest Drive in Tempe for $27,000,000 to consolidate Maricopa County Community College District office operations into a single site. The acquisition includes two Class A office buildings totaling 188,960 square feet, a 900-space parking structure, existing furniture and equipment, and a 12.65-acre vacant parcel subject to a license and purchase option for the seller. This move replaces three aging office facilities that would otherwise need about $55,000,000 in HVAC and deferred maintenance. The consolidation will drive follow-on needs for tenant improvements, IT build-out, furniture reconfiguration, move services, and facility management support.
Realty Economic Advisors appraised the property (excluding the vacant parcel) and furniture, fixtures, and equipment at $27,500,000. Widewaters retains a 12‑month license at $10/month on the vacant parcel and an option to purchase it for $10, subject to site division recording.
From the meeting
- Meeting date
- July 20, 2026
- Agency
- Gateway Community College-Central City
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