Two Acres Planned for Campbell Ave Townhome Development Sell for $3.8 Million

Parcel Area

2.15 net acres (2.62 gross) near the southeast corner of 24th Street and Campbell Avenue sold Tuesday for $3,825,000, or $41 per square foot of land. The site is planned for a 3-story residential project consisting of 46 townhome units. Family Development Group and Presidio Residential are the new owners of the land. No new loans were recorded with the transaction. The site is currently improved by 29 units of multifamily built in 1958-1972, set to be demolished.

For more information on this property including complete history, planning and zoning information, and buyer/seller contacts, visit us at our website or send us an email. We're happy to hear from you!



        

Biltmore Financial Center Sells for Over $163 Million

Area Map

The 658,982 square-foot Biltmore Financial Center at the northwest corner of 24th Street and Camelback Road sold yesterday for a total of $163,100,000, or $247.50 per square foot. ViaWest Group and AllianceBernstein U.S. Real Estate Partners are the new owners of the property.

The Biltmore Financial Center consists of three buildings of eleven, six, and four stories built in 1988. It also includes ±2 acres of park, an on-site gym, and underground parking structures.

For more information on this property including complete history and buyer/seller contacts, visit us at our website or send us an email. We're happy to hear from you!