Columbus Properties Buys Office Building From NY Life In Phoenix For $86.1M | 2375 East Camelback Road | Charles (CJ) Osbrink, Chris Marchildon, Barry Gabel, Kevin Shannon | Office | Sale

Summary

Sale

ARIZONA

Office

308,000 sqft

The 24th at Camelback office building in Phoenix, located at 2375 East Camelback Road, was sold for $86.1 million in a transaction between buyer Columbus Properties and seller NY Life. The property spans 308,000 square feet, resulting in a price per square foot of $280.

Summary of transaction details:

Property Type: Office
Transaction Amount: $86,100,000
Buyer: Columbus Properties
Seller: NY Life
Brokers: Barry Gabel, Charles (CJ) Osbrink, Chris Marchildon & Kevin Shannon - Newmark
Market: Phoenix, AZ

The sale of the office building was facilitated by brokers Barry Gabel, Charles (CJ) Osbrink, Chris Marchildon, and Kevin Shannon from Newmark. Columbus Properties successfully acquired the property, adding this significant asset to their portfolio.

Players

All
5

Agents
4
Agencies
1

Charles (CJ) Osbrink

Executive Managing Director

$220.6M Sold

Chris Marchildon

First Vice President

$370M Sold

Barry Gabel

Executive Vice President

$370M Sold

Kevin Shannon

Co-Head of U.S. Capital Markets

$4.9B Sold

Newmark

Details

Deal Summary

SOLD

IMAGE: 05/01/2024 ADDRESS: 2375 East Camelback Road MARKET: Phoenix, AZ ASSET TYPE: Office BUYER: Columbus Properties SELLER: NY Life BROKERS: Barry Gabel (@BarryGabel), Charles (CJ) Osbrink, Chris Marchildon & Kevin Shannon - Newmark SALE PRICE: $86,100,000 SF: 308,000 ~ PPSF: $280 NOTE: Columbus Properties acquired the 24th at Camelback office building in Phoenix for $86.1 million from seller NY Life.

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Address2375 East Camelback Road

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