Biltmore Center, Phoenix

January 2, 2020 Comments Off on Partners Group Pays $212M to Acquire Biltmore Center Views: 1202 Phoenix & Southwest News, Top Phoenix

Partners Group Pays $212M to Acquire Biltmore Center

Order Reprints...

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.

Read more at Business Real Estate Weekly

Connect With Partners Group

Connect With Colliers International’s Breidenbach & Timpani

Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter

Tags: , ,

Comments are closed.

Send this to a friend