International Capital Partners is the buyer of the 19-year-oldbuilding, which is 90.5% occupied. Handling both sides of the dealwas an Insignia/ESG team that consisted of Dennis Desmond, seniormanaging director; Trevor Klinkhamer, managing director; and AdamTolson and Mitch Chilton, both directors. The office building wasunder contract within four weeks of coming to market in an offeringthat attracted several interested would-be buyers, saysDesmond.

Desmond says Anthem just feels "it is time" to sell off itsArizona holdings. Grubb & Ellis Co. is holding a contract forthe investment group's Lincoln Center, an office property at theintersection of Scottsdale and Lincoln, Desmond tells GlobeSt.com.The Insignia team previously sold Anthem's 290,000-sf ScottsdaleExecutive Villas as part of the disposition.

Anthem held title to the multi-tenant Camelback Corridorproperty for the last three years. It is located north of CamelbackRoad in the historically well-performing corridor.