Crow Holdings pays $74.3M for Camelback Esplanade III office building

Esplanade

EsplanadeBy Business Real Estate Weekly

In a deal signaling that Class A office space in the Valley has reached a price per foot value close to pricing prior to the downturn in the market, Crow Holdings Capital Partners LLC in Dallas, Tex. has paid $74.3 million ($340.41 per foot) to buy the 218,266-square-foot Esplanade III office building near the southeast corner of 24th Street and Camelback Road in Phoenix.

The seller was A-Esplanade III LLC, formed by AEW Capital Management L.P. in Boston, Ma. The sale was brokered by Jim Fijan and Will Mast of CBRE in Phoenix, along with Kevin Shannon of CBRE in El Segundo, Calif. The 10-story building, with an address of 2415 E. Camelback Road, is one of five office structures within the Camelback Esplanade mixed-use project.

Continued:

 

Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories

Top 10 multifamily builders for 2022

By Ranking Arizona | AZ Big Media Here are the Top 10 multifamily builders in Arizona, based on public voting for the 2022 edition of Ranking Arizona, the state’s biggest and most comprehensive business

Read More »