Jackie Day is editorial director of
Real Estate Media's Newsletter Division
PHOENIX-A group of investors has acquired the fifth building ina complex, divvied for sale, along a sought-after stretch of EastCamelback Road. The 22,776-sf structure, the second smallest inBiltmore Lakes Corporate Center, has brought $4.2 million.
Seattle-based Biltmore Lakes Associates LLC bought a 23-year-oldbuilding with a 95% occupancy. The buyer holds numerous apartmentproperties in the Phoenix area, but is venturing into the localoffice market for the first time with the Biltmore acquisition.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
