PHOENIX — The Biltmore Financial Center, a 635,000-square-foot office campus in Phoenix, is set to undergo a multi-million-dollar renovation. The Class A campus is located at the northwest corner of 24th Street and Camelback. Owner ViaWest Group plans to add eight new speculative suites to the campus, in addition to a new 3,500-square-foot tenant lounge. It will also renovate Biltmore’s one-acre plaza and gym. The café’s offerings will be upgraded, as will elements of the lobby, corridors, bathrooms and elevators. The renovation commences this month. It is scheduled for completion in July. ViaWest purchased the Biltmore Financial Center this past summer for $163.1 million. At the time, the transaction was the largest multi-tenant office sale in the Phoenix area since 2007, and was the third largest sale ever in the metropolitan area, according to CoStar.
