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East Coast Investors Buy Office Complex in Phoenix's Camelback Corridor

Sale of Four Towers Could Be Promising Sign of Recovery for Phoenix Offices
The building at 2425 E. Camelback Road is part of a four-building office portfolio acquired by Monarch Alternative Capital. (CoStar)
The building at 2425 E. Camelback Road is part of a four-building office portfolio acquired by Monarch Alternative Capital. (CoStar)

A partnership led by hedge fund operator Monarch Alternative Capital purchased the Esplanade, an office park totaling 1 million square feet in Phoenix’s Camelback Corridor, in what could be another promising sign of recovery in the city's office market

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