Downtown Phoenix’s newest office tower sells

By Corina Vanek | Phoenix Business Journal

Phoenix developer RED Development has sold Block 23, downtown’s newest office tower, to City Office REIT for $150 million.

According to JLL, the whopping price tag for the office tower sets a city record for the highest price per square foot for a multi-tenant office and is the highest-priced office sale of 2021 so far.

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