NY-based, Columbus Properties Inc., enters Phoenix market with purchase of 24th at Camelback for $86.1M ($278.80psf)

  • 4/29/2024

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Phoenix Business Journal

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Columbus Properties Inc, a New York-based firm, has entered the Phoenix market by purchasing a Biltmore-area office building.  Columbus bought 24th at Camelback, which is located at 2375 E. Camelback Road, from New York Life Insurance Co. The commercial real estate firm paid $86.1 million for the more than 300,000-square-foot office building, according to real estate database Vizzda LLC. New York Life had purchased the 24th at Camelback in June 2018 for $100 million from Hines. The $86.1 million price tag makes 24th at Camelback easily the top office sale of the year thus far. The deal closed on April 25.

Columbus Properties, Inc.
John DiMurro | President, Managing Principal

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