VIVO Development Partners Acquires Office Asset In Phoenix For $14M

The office property located at 1951 & 2011 W. Camelback Road in Phoenix, AZ has been sold in a recent transaction. The property, totaling 175,308 square feet, was purchased by VIVO Development Partners for a sale price of $14,000,000. With a price per square foot of $80, this transaction represents an investment in the Phoenix office market.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $14,000,000

The sale of this office asset was facilitated by the brokers Geoffrey Turbow, Gary Cornish, Barry Gabel, and Chris Marchildon from CBRE. Their expertise and representation of the buyer and seller, VIVO Development Partners and Camelwest Plaza, respectively, contributed to the successful completion of this transaction.