CAMELBACK OFFICE BUILDING PURCHASED FOR $7.5M

PHOENIX – A 76,286-square-foot office building, located at 2929 E. Camelback Road in Phoenix, has been purchased by Greenlaw Partners for $7.5 million. The Class B office building was constructed in 1982 and underwent significant renovations in 2008. It was 52 percent leased at the time of sale. Eric Wichterman and Mick Coover of Cassidy Turley BRE Commercial’s Capital Markets Group represented both the buyer and the seller, Stoughton Plaza, LLC, in this transaction.