Camelback Offices Trades for $86M
Esplanade III, a 222,820-square-foot trophy office building on 2415 E. Camelback Road, sold for $86 million. The 10-story building was acquired by Southwest Value Partners, a joint venture made up of Transwestern and C-III Capital Partners. JLL brokers Ben Geelan, Will Mast and…
Esplanade III, a 222,820-square-foot trophy office building on 2415 E. Camelback Road, sold for $86 million. The 10-story building was acquired by Southwest Value Partners, a joint venture made up of Transwestern and C-III Capital Partners. JLL brokers Ben Geelan, Will Mast and…
BELLINGS Intelligence Score: 12
Why it matters
This is a routine commercial real estate transaction involving a trophy office building sale with no novel structure or broader market impact, thus it holds limited significance for credit-market professionals.
Sources
Connect CRE
Camelback Offices Trades for $86M
Esplanade III, a 222,820-square-foot trophy office building on 2415 E. Camelback Road, sold for $86 million. The 10-story building was acquired by Southwest Value Partners, a joint venture made up of Transwestern and C-III Capital Partners. JLL brokers Ben Geelan, Will Mast and…