Joint venture acquires Camelback Corridor
property, Cushman & Wakefield report
Staff Reports | Digital Free Press
Cushman & Wakefield brokered the sale of a 41,982-square-foot building in Phoenix.
Found along the Camelback Corridor at 6225 N. 24th Street, the three-story building is 100% leased to McCarthy Building Companies, Inc., a national construction company whose work includes contracts for major governmental and infrastructure projects across the U.S.
The building sold for $14.55 million to the joint venture of Crowne Point Equity LLC, Corsair Management LP and A-1 Legacy Properties, according to a press release.
Eric Wichterman and Mike Coover with Cushman & Wakefield’s Private Capital team in Phoenix in collaboration with Mark Seale with Avison Young represented the seller, McCarthy/MRL Properties Arizona, LLC, in the transaction.
“24th at Lincoln is a high-quality office property supported by a robust tenant. The building features a high-end image while its elevated terrain and positioning at the base of a mountain preserve provides spectacular 360-degree views. The property also fronts and offers fairway views along the Arizona Biltmore Links Golf Course,” Vice Chairman Eric Wichterman said in a prepared statement.
“The building offers a phenomenal workplace environment with superb building amenities, a key element for companies in attracting top talent to the office.”
The property’s on-site amenities include a shaded garden-level patio with picnic tables, outdoor cooking and seating, numerous conference, break rooms and recreational/game rooms, and a custom fully equipped kitchen. The property also provides excellent access to the high-end shopping, dining, and entertainment amenities in the prestigious Camelback Corridor.