Humphrey’s sells Camelback Collective for $18M loss as it trades for $48.25M to Koelbel JV

  • 7/3/2025

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Koelbel & Co. and GJ Partners acquired the 115,000 square foot Camelback Collective office building for $48.25 million. Humphreys Capital was the seller. Humphreys purchased the building in 2022 for $66.35 million.

The Phoenix Business Journal reports that Holualoa Cos. and LaPour Partners Inc. delivered the four-story building at 2801 E. Camelback Road in 2018 for $80 million. The two firms purchased the 3.6-acre property for $17.5 million in 2016.

Koelbel and Company
Walt Koelbel | VP, Commercial Real Estate
Humphreys Capital
Todd Glass | Head of Real Estate

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