Wednesday, December 23, 2015

Four Office Towers of "The Esplanade" Sell for $279 Million

Area Map

Metropolitan Life Insurance Company has sold towers I, II, IV, & V of "The Esplanade" for $279 million, or $289 per square foot. Buying entity traces to LBA Realty and Clarion Partners, who funded the sale with over $158 million in new debt with Wells Fargo Bank.

Transacting in this sale is a ±966,000 square feet of class A office in four ten and eleven-story buildings. The Esplanade is located east of the southeast corner of 24th Street and Camelback Road in Phoenix, across the street from the Biltmore Fashion Park.

Vizzda subscribers: click here for the full report.

Would you like complete property description and contacts? Vizzda has it!

Contact us for more information.


Sponsored by:


No comments:

Post a Comment

Sponsered Ad