Hines Sells Phoenix Office Asset, 24th at Camelback II, for $97.9M ($183psf)

  • 11/1/2024

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In the largest Greater Phoenix office sale of the year so far, Wide Open Excursions—a leisure service provider—acquired 24th at Camelback II for $97.9 million, public records show. Hines sold the 306,877-square-foot Class A asset with the assistance of JLL Capital Markets.

CommercialEdge data shows no other office asset traded for north of $97 million in the Valley since 2022. Back then, Aligned paid $115 million for Southwest Value Partners’ Continuum, a 231,829-square-foot property in Chandler, Ariz.

Hines
Chris Anderson | Senior Managing Director-Southwest-Phoenix

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