City Office REIT Inc Acquires Office Property In Phoenix For $150M

101 E Washington St, Phoenix, AZ, USA

$150,000,000

$115/SF

Building Size

1,300,000 SF

Asset Type

Office

Closing

Dec 8, 2021

AI

The office property located at 101 E. Washington St in Phoenix, AZ was recently sold in a transaction. The property spans 1,300,000 square feet and was sold for a price of $150,000,000. This translates to a price per square foot of $115.

Summary of transation details

Property Type: Office
Transaction Amount: $150,000,000
Date: 12/08/2021
Address: 101 E. Washington St
Market: Phoenix, AZ

City Office REIT Inc acted as the buyer in this transaction. They acquired the property from RED Development. The brokers involved in this deal were Ben Geelan, Kevin MacKenzie, Ryan Timpani, and Nick Bialkowski from JLL.

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