Bridge Investment Group Acquires Mixed Use Property On Camelback Rd In Phoenix AZ For $61.8M

Bridge Investment Group has acquired a mixed-use property located at 2355 East Camelback Road in Phoenix, AZ. The property spans across 1.67 acres and was sold by Nuveen Real Estate, represented by Ines Olesen. The deal was facilitated by brokers Ben Geelan and Will Mast from jll. The transaction closed for a total sale price of $61,800,000, with the property measuring 236,553 square feet. This equates to a price per square foot of $261.

Summary of transaction details

• Property Type: Mixed Use
• Transaction Amount: $61,800,000
• Address: 2355 East Camelback Road, Phoenix, AZ
• Market: Phoenix, AZ
• Asset Type: Mixed Use
• Acres: 1.67
• Square Footage: 236,553
• Buyer: Bridge Investment Group
• Seller: Nuveen Real Estate - Ines Olesen
• Brokers: Ben Geelan & Will Mast - jll
• Price per Square Foot: $261

The acquisition of this mixed-use property marks a significant transaction for Bridge Investment Group. The deal involved Nuveen Real Estate as the seller, with Ines Olesen representing the company. Additionally, Ben Geelan and Will Mast from jll played a crucial role as brokers in facilitating the transaction. The sale price of $61,800,000 reflects the value of the property, which spans 1.67 acres and encompasses 236,553 square feet of space. This acquisition signifies a notable transaction in the Phoenix, AZ market.