Clarendon Place, located at 300 W. Clarendon Ave., sold to California-based investor Brentwood Mortgage Rose Plaza/MKN for $9.37 million. The seller was the Burton Family Foundation of Phoenix.
Cushman & Wakefield’s Eric Wichterman and Mike Coover represented both parties during the sales transaction.
Located on the northwest corner of Clarendon and 3rd avenues, Clarendon Place is a four-story, multi-tenant office building. Built in 1984, the building features a ribbon-window design with exposed aggregate concrete panels, a two-story lobby and has an adjacent parking structure. The building was 95-percent occupied at the time of sale.
“The powerful infill movement erupting throughout central Phoenix has renewed interest in the Midtown Phoenix on a large scale,” Wichterman said.