Cushman & Wakefield, a global leader in commercial real estate services,
announced today that Camelback Uptown, located at 51 and 101 E. Camelback Rd. in North Central Phoenix,
has sold for $1.78 million. The transaction includes a land lease and the retail improvements for a Bank of
America branch and Sauce restaurant.
Cushman & Wakefield Senior Director Greg Valladao represented the buyer, 1058 Munras Properties, LP DBA
Camelback Central Station, LLV of Monterey, CA. Chad Tiedeman of Phoenix Commercial Advisors
represented the seller, Lawrence & Geyser Development DBA First Camelback Partners LLC.
“This investor will benefit from the incredible transformation of the Camelback and Central Avenue retail
market,” said Mr. Valladao. “The recently opened Sauce restaurant on this site has attracted very strong traffic.
Increasing pedestrian traffic from the light rail and growing customer interest in the neighborhood will insure a
solid cash flow from this asset.”