January 2, 2020
Partners Group acquired Biltmore Center, a 635,409-square-foot office campus in Phoenix. The New York City buyer paid $212 million to sellers ViaWest Group and AllianceBernstein Holding LP for the asset at 24th Street and Camelback Road. ViaWest continues to hold a minority ownership interest in the property, and will manage it as well.
The buy included:
- The 211,624-square-foot Biltmore Center I, 2390 E. Camelback Rd.
- The 288,435-square-foot Biltmore Center II, 2398 E. Camelback Rd.
- The 135,350-square-foot Biltmore Center III, 2394 E. Camelback Rd.
The buildings opened in 1985 to 1990, and have an average occupancy level of 89%. Phil Breidenbach SIOR and Ryan Timpani of Colliers International in Phoenix have been leasing the property, and will continue to do so.
For comments, questions or concerns, please contact Amy Sorter