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$5.3 Mil Purchase Clears the Way for Office Redevelopment

PHOENIX-With the purchase of an office building along the popular Camelback Corridor, a local developer has the final piece needed to start an office redevelopment project that will total 330,000 sf.

By D.J. Burrough | Updated on April 20, 2001

PHOENIX-With the $5.3 million purchase of an office building along Camelback Road, a local development company can go forward with a redevelopment project that will total 330,000bsf of office space.

Zacor Development, a Phoenix-based development company, purchased the Biltmore Fountains, a 40,000-sf office building and the lot it sits on at 2725 E. Camelback Rd. in Phoenix.

Late last year, Zacor purchased the adjacent property to the west, the Camelback Commons, which is an eight-building office park. Camelback Commons is at 2701 E. Camelback Rd.

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