A Utah-based real estate company bought the Luhrs Building in downtown Phoenix for $14 million.
According to real estate database Vizzda, a partnership between Lincoln Property Co. and Invesco sold the building to Provo, Utah-based PEG Cos.
The 10-story tower was developed in 1924 and includes 108,000 square feet of space.
The remainder of the Luhrs City Center, including the 14-story Luhrs Tower on the corner of First Avenue and Jefferson Street, was not included in the sale, according to public records.
