**High-Profile Camelback Office Hits the Market**
The Camelback Collective office building has been listed for sale once again. Humphreys Capital initially acquired the 115,838-square-foot Class A office asset in 2022 for $66.3 million from Holualoa Companies and LaPour Partners.
Located at 2801 E. Camelback Road in Phoenix, the four-story building was completed in 2018 at a development cost of about $80 million. As of now, the property is approximately 89% leased. JLL brokers Benjamin Geelan and Will Mast are handling the new listing.
The area around Camelback Road has seen significant office investment activity. Last fall, 24th at Camelback II sold to Solar Farms in an all-cash deal for $97.6 million. The sale of the 11-story, 306,877-square-foot building was the highest-priced office transaction in the Phoenix metro area since the Camelback Collective’s 2022 sale.
In another major transaction, an entity linked to Los Angeles Angels owner Arte Moreno purchased Camelback Lakes—a four-building, 230,222-square-foot office complex—for $60 million just one month later.
**Looking Ahead: Rental Housing Leaders to Convene April 10**
Top developers, investors, owners, lenders, managers, and brokers in rental housing will take center stage at Connect Phoenix Multifamily, SFR & BTR on Thursday, April 10, 2025. The industry’s leading voices will gather at The Westin Kierland Resort & Spa in Scottsdale to share insights and outlooks for the remainder of 2025 across the Phoenix and Scottsdale rental housing markets.
For more information and registration details, visit www.ConnectPHXMF2025.com.
