Cushman & Wakefield Negotiates Sale of Property in Evolving North Central Corridor
PHOENIX, Dec. 14, 2015 – 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.

TCamelback Uptown copyhe 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.”

 
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people
work, shop and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global
insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is
among the largest commercial real estate services firms with revenues of $5 billion across core services of
agency leasing, asset services, capital markets, facility services (branded C&W Services), global occupier
services, investment & asset management (branded DTZ Investors), project & development services, tenant
representation and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow
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