Can U Believe It? Another Real Estate Deal Here on Main Street!

There's more than the weather getting hot here in 'The Old Donut-Hole'. After a big facelift and a major top-to-bottom exterior renovation, the old glass-and-steel box previously known as The Valley National Bank has found a new buyer after being on-the-market for more than four years. ...Scroll down below
. . . the old clock out front might be historic, but that's about all . . .

This building received GPLET incentives from the City of Mesa. What you see is a
make-over of some kind that bears no resemblance to the 1950's-style modern mid-century architecture
"CBRE has arranged the sale of One MacDonald Center, a 59,843-square-foot, five-story historic office property located at the northeast corner of Main Street and MacDonald Drive in downtown Mesa . . " 
[Image from 'Latest Deals' published in AZ Big Media]

Real Estate | yesterday | AZRE

Historic office building in Mesa sells for $5.6M

CBRE has arranged the sale of One MacDonald Center, a 59,843-square-foot, five-story historic office property located at the northeast corner of Main Street and MacDonald Drive in downtown Mesa, Arizona. The property, which was 81 percent leased at time of sale, commanded a sale price of $5.6 million. 

Barry Gabel, Chris Marchildon and Will Mast with CBRE Capital Markets, Institutional Properties in Phoenix, represented the seller, Omninet Capital, LLC of Beverly Hills, California. The buyer was Robert Bisetti, an individual Phoenix-based investor. 

“We are excited to be involved, along with many other real estate companies, in the beginning stages of the transformation of downtown Mesa,” said Robert Bisetti. 

Located in a central downtown Mesa location, One MacDonald Center is situated amongst numerous retail and restaurant amenities, hotels, City of Mesa municipal buildings, museums and the Mesa Arts Center, and is walking distance of two Valley METRO Light Rail stops.

_______________________________________________________________________

WHO IS ROBERT BISETTI, the new buyer of One Macdonald Center?

According to his LinkedIn Profile

Robert Bisetti Business Owner

Location: Phoenix, Arizona

Industry: Commercial Real Estate

Current	Metro Phoenix Bank, Think Art Gallery
Previous	Bisetti's Italian Ristorante, Bisetti's Holdings, Inc., Bisetti's Desserts, Inc.
Education	Colorado State University

 

Robert Bisetti (Director)"Mr. Bisetti has not only achieved an impressive track record of being an entrepreneur but also has real-world banking knowledge. Mr. Bisetti currently owns/operates a Scottsdale-based commercial art gallery known as Think Art Gallery that provides wholesale art to a variety of clients such as custom home builders, interior designers, and architects. Mr. Bisetti also owned Bisetti’s Italian Restaurant located in Fort Collins, Colorado for 29 years. This family-owned restaurant later expanded into the dessert industry through Bisetti’s Desserts. Mr. Bisetti had grown Bisetti's Desserts into a wholesale food distribution service that spanned 13 western states, later selling the dessert division in 1997. Since then, Mr. Bisetti has been active in commercial real estate endeavors ranging from brokerage services to real estate development.

Additionally, Mr. Bisetti served as a Board member for a number of years for a successful nine-branch Colorado community bank having total assets in excess of $800 million

Link> https://www.metrophoenixbank.com/Directors-and-Executive-Management.aspx

_______________________________________________________________________

From an old image this is what that real dragstrip-stretch of downtown Mesa looked like: Valley National Bank is the big blue glass-and-steel box you see at the center