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PHOENIX-KBS Realty Advisors of Newport Beach, CA has disposed of the 173,388-sf Camelwest Plaza, part of a 1.5-million-sf portfolio acquired in 1998. Fenway Properties LLC has paid $9.5 million for the 22-year-old class B office buildings.

The two-building complex at 1951 and 2001 W. Camelback Rd. went through a rough marketing period, according to Dennis Desmond, senior vice president for Transwestern Phoenix. The 15.5-acre asset was 70% leased at sale time.

The complex was first introduced to the market more than a year ago. When occupancy dropped, KBS took it off the market and then re-listed the property with Grubb & Ellis

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