Phoenix-based ViaWest Group recently purchased the Biltmore Financial Center, three Class A office buildings totaling approximately 635,000 square feet at the northwest corner of 24th Street and Camelback in Phoenix, for $163.1 million. The transaction is the largest multi-tenant office sale in the Phoenix area since 2007 and third-largest sale ever in the metropolitan area, according to CoStar’s records. “The sale is a good barometer for the market overall,” says CBRE’s Jim Fijan, who represented seller Invesco Real Estate.
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