Green Touch Builders | Exclusive: Phoenix Class A office building sells for $58M
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April 20, 2015 By SEO Admin

Exclusive: Phoenix Class A office building sells for $58M

Lincoln Property Co. and Oaktree Capital Management have bought a Class A office building at Camelback Road and 32nd Street in Phoenix.

The pair acquired the 259,000-square-foot Biltmore Commerce Center for $58 million.

It sits on the northeast corner of the Biltmore area intersection.

Denver-based DPC Development Co. bought the Biltmore center back in 2013 for $42.8 million. DPC put a number of upgrades and renovations into the building. The sale closed Friday.

DPC Director of Acquisitions Justin…