PHOENIX, AZ – Colliers International in Greater Phoenix recently negotiated the sale of a 92,233 square-foot Class A office building located at 3333 E. Camelback Road in Phoenix for $12 million, or $130/square foot.
Fenway Properties of San Diego acquired the property. Fenway plans to upgrade the common areas and develop new, spec suites to accommodate tenants of various square footage requirements.
The seller was Noffsinger Manufacturing Company of Greely, Colo.
Todd Noel, senior vice president; Keith Lambeth, senior vice president; and Ryan Timpani, senior associate; served as the Colliers International in Greater Phoenix brokers for both parties.
“The office building represents a strong investment for Fenway due to the building’s strategic location within the prestigious Camelback Corridor submarket, quality construction and timeless finishes,” Noel said.
Built in 1984, the two-story building comprises multiple suites ranging from 1,214 to 17,930 square feet.
About Colliers International
Colliers Internationalis a global leader in commercial real estate services, with over 13,500 professionals operating out of more than 482 offices in 62 countries. A subsidiary of FirstService Corporation, Colliers Internationaldelivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers Internationalas the second-most recognized commercial real estate firm in the world.
Colliers International in Greater Phoenixhas served clients locally and globally for more than 30 years.
Contact: Denise D. Resnik
Tel: 602.956.8834, x 111