​State Farm building in Phoenix sold

Kansas City-based VanTrust Real Estate LLC has bought a 44th Street office building for $22.9 million. VanTrust is a real estate offshoot of the Van Tuyl car dealership company.

VanTrust acquired Gateway Four, a 137,069-square-foot office building, located at at the corner of Van Buren and 44th streets in Phoenix.

The building is currently occupied by State Farm Insurance. State Farm will vacate the space when its new office complex on Tempe Town Lake is completed next year.

CBRE’s Tom Adelson…