PHOENIX—A joint venture of EverWest Real Estate Partners and CenterSquare Investment Management purchased Madison Square, a 177,312 square-foot office property located at 16th Street and Missouri Avenue in Central Phoenix, from Orsett Madison LLC for $21.95 million.

Newmark Grubb Knight Frank negotiated the sale of Madison Square, a two-building office complex located at 5343-5353 N. 16th St.

Chris Krewson, Mike Garlick and Michael McQuaid, senior managing directors in the NGKF Phoenix office, represented both the buyer and the seller in the off-market transaction, and secured the exclusive marketing assignment for the property.

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