SWVP pays $86M ($386psf) for Esplanade III Camelback office building from Transwestern JV

8/25/2026

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Phoenix Business Journal

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• Subcategory: Office: Urban

• Tag: JV-Partnership | Sale

• Additional Filters-Subcategory: Office: Highrise

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

Highlights
Southwest Value Partners acquired Esplanade III for $86 million, county documents show
The 222,820-square-foot office building is the largest single-building office sale in Phoenix metro in 2026
Camelback Corridor rents reached $43.02 per square foot, the highest asking rate in the Valley