The sale of the Arizona Southern Baptist Convention office and Gateway Seminary Arizona Campus in Scottsdale and purchase of an office complex in northwest Phoenix are back on, said AZSBC Executive Director David Johnson.
A real estate developer backed out of the original agreement to purchase the AZSBC’s property on Hayden Road in Scottsdale earlier this year, leading the convention to cancel its offer to purchase Cornerstone Plaza, the property in northwest Phoenix.
Another real estate developer’s offer to purchase the 2.37-acre Hayden Road property for $2.5 million has been accepted, Johnson said, and the convention has re-entered the contract to purchase Cornerstone Plaza with the original terms and purchase price of $1.2 million.
The sale of the Hayden Road property is scheduled to close in December, and the AZSBC will be allowed occupancy for up to 30 days past the closing date. As before, the purchase of Cornerstone Plaza is contingent on the sale of the Hayden Road property, Johnson said, but the plan is to close on the purchase by the end of the year.