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

101 East Washington Street
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This Office property located in AZ was sold for $150,000,000 over 2 years ago. The brokers of the deal were Nick Bialkowski, Ryan Timpan, Ben Geelan, and Kevin MacKenzie

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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Deals
  • Location
    101 E Washington St, Phoenix, AZ, USA101 E Washington St, Phoenix, AZ, USA
  • Sale Price
    $150,000,000$150,000,000
    $115 PPSF$115 PPSF
  • Area
    1,300,000 SF1,300,000 SF
  • Asset Type
    OfficeOffice
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Ryan Timpan

Ryan Timpan

Deals1
Sold$150M

Nick Bialkowski

Nick Bialkowski

Deals1
Sold$150M

Ben Geelan

Ben Geelan

Deals6
Sold$370.2M

Kevin MacKenzie

Kevin MacKenzie

Deals14
Financed$1.3B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE IMAGE: Kevin MacKenzie, Ben Geelan, Ryan Timpani & Nick Bialkowski DATE: 12/08/2021 ADDRESS: 101 E. Washington St MARKET: Phoenix, AZ ASSET TYPE: Office BUYER: City Office REIT Inc SELLER: RED Development BROKERS: Ben Geelan, Kevin MacKenzie, Ryan Timpan & Nick Bialkowski - JLL SALE PRICE: $150,000,000 SF: 1,300,000 ~ PPSF: $115

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101 East Washington Street

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