"The views are phenomenal from this property. It's really irreplaceable." Tom Adelson, with CB Richard Ellis Inc.'s Phoenix office tells Globe St.com "But, it was the price that really appealed to the buyer. There are virtually no buildings that a smaller user can buy in the Camelback area so they were able to get this at a good price--certainly less than replacement costs."

For the money, buyer Univest-6225 LLC of Scottsdale got a half-interest in the 86,000-sf complex, which had been converted into office condominiums several years ago. The north side of the two- and three-level structure was sold to an architectural and engineering firm in October 2002 for about $5 million, Adelson said.

In addition to first-floor space for its affiliates, Univest also became the building owner for two tenants, an investment firm, which occupies the second floor, and an engineering group, which has offices on the third floor, according to Adelson.