Bridge Investment Group has sold Camelback Center, a class A, multi-tenant office building totaling 236,553 square feet in Phoenix, Arizona.
Nuveen Real Estate sold it for $61.8 million.
Camelback Center is a nine-story, recently renovated office asset that is 82 percent leased to a diverse mix of tenants from various industries, such as healthcare, finance, technology and insurance. In 2021, the property underwent a multi-million-dollar renovation aimed at blending the workplace with nature components, featuring highly sought-after amenities like an outdoor tenant patio and gaming areas, a state-of-the-art conference facility, 24/7 on-site security and more.
“The quality of the asset really stood out within the submarket,” said Ines Olesen, senior director, U.S. head of office dispositions for Nuveen Real Estate.
Positioned on a 1.67-acre site at the main-and-main intersection of 24th Street and Camelback Road, Camelback Center is within walking dist
