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New Joint Venture Chooses Phoenix Office Tower for First Acquisition

Partnership Between Salt Lake City Investor, British Conglomerate Was Announced in September
The Camelback Center is in the Camelback Corridor, an area of Phoenix that owes some of its prestige to its proximity to the affluent developments surrounding the Biltmore Estate, which sits about one mile to its north and east. (John Williams/CoStar)
The Camelback Center is in the Camelback Corridor, an area of Phoenix that owes some of its prestige to its proximity to the affluent developments surrounding the Biltmore Estate, which sits about one mile to its north and east. (John Williams/CoStar)
By Savanna Salassi
CoStar Research
September 29, 2022 | 7:51 P.M.

A recently renovated office building in Phoenix' Camelback Corridor has sold to a newly-formed partnership between Salt Lake City-based Bridge Investment Group and Grosvenor Group, a global investment powerhouse that was founded in London 345 years ago.

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