{"id":1004269973,"date":"2018-10-08T04:25:46","date_gmt":"2018-10-08T12:25:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004269973"},"modified":"2022-12-07T11:00:51","modified_gmt":"2022-12-07T19:00:51","slug":"fenway-capital-iron-point-buy-25m-phoenix-office-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/","title":{"rendered":"Fenway Capital, Iron Point Buy $25M Phoenix Office Property"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004269988\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Camelback.jpeg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004269988\" data-attachment-id=\"1004269988\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/camelback\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Camelback.jpeg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;1.8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;iPhone X&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1531853260&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4&quot;,&quot;iso&quot;:&quot;25&quot;,&quot;shutter_speed&quot;:&quot;0.0083333333333333&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Camelback\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Camelback Arboleda&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Camelback.jpeg?w=800\" loading=\"lazy\" class=\"wp-image-1004269988 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Camelback.jpeg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Camelback.jpeg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Camelback.jpeg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Camelback.jpeg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004269988\" class=\"wp-caption-text\">Camelback Arboleda<\/p><\/div>\n<p>A joint venture between Fenway Capital Advisors and Iron Point Partners has acquired Camelback Arboleda, an office property in Phoenix, for $25.3 million. CBRE Capital Markets&#8217; debt and structured finance team arranged through CapitalSource a $23.9 million acquisition loan on behalf of the new owners.&nbsp;<\/p>\n<p>Located at 1661 E. Camelback Road, the 294,319-square-foot property comprises a four-story building leased to a variety of tenants, a single-story building leased to a deli and market, and a four-level parking structure and surface parking lot. Camelback Arboleda is situated on 6.8 acres and includes an open-air atrium, upper floor balconies, a courtyard water feature and a neighborhood center.&nbsp;<\/p>\n<p>The new owners plan to invest more than $7 million in capital and tenant improvements, as well as lease commissions. Upgrades will be made to the elevators, lobby, landscaping, exterior paint, corridors, courtyard, lighting and signage.&nbsp;<\/p>\n<p>The CBRE team included Senior Vice President Mark McGovern, Executive Vice President Scott Peterson and Senior Production Analyst Brain Cruz. Last October, McGovern and Peterson <a href=\"https:\/\/www.commercialsearch.com\/news\/177-ksf-san-diego-office-asset-lands-refi\/\">arranged a $41.2 million senior loan<\/a> for the refinance and lease-up of Make, a 177,000-square-foot Class A office property in Carlsbad, Calif.<\/p>\n<p><em>\u201cCamelback Arboleda has the potential to be a very high-quality office project that just needs the right owner to compete better in the marketplace,&#8221;<\/em> said Peterson.&nbsp;<\/p>\n<p><em>Image courtesy of CBRE&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new owners are set to invest more than $7 million in capital and tenant improvements. CBRE&#8217;s Capital Markets secured an acquisition loan through CapitalSource.<\/p>\n","protected":false},"author":746,"featured_media":1004269988,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,21742,21747,1601,15],"tags":[36997,32789,37951,36177],"class_list":["post-1004269973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-latest","category-office","category-phoenix","category-west","tag-capitalsource","tag-cbre","tag-iron-point-partners","tag-scott-peterson"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fenway Capital, Iron Point Buy $25M Phoenix Office Property - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fenway Capital, Iron Point Buy $25M Phoenix Office Property\" \/>\n<meta property=\"og:description\" content=\"The new owners are set to invest more than $7 million in capital and tenant improvements. CBRE&#039;s Capital Markets secured an acquisition loan through CapitalSource.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-08T12:25:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T19:00:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Camelback.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/\",\"name\":\"Fenway Capital, Iron Point Buy $25M Phoenix Office Property - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Camelback.jpeg\",\"datePublished\":\"2018-10-08T12:25:46+00:00\",\"dateModified\":\"2022-12-07T19:00:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Camelback.jpeg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Camelback.jpeg\",\"width\":800,\"height\":620,\"caption\":\"Camelback Arboleda\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fenway Capital, Iron Point Buy $25M Phoenix Office Property\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Fenway Capital, Iron Point Buy $25M Phoenix Office Property - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/","og_locale":"en_US","og_type":"article","og_title":"Fenway Capital, Iron Point Buy $25M Phoenix Office Property","og_description":"The new owners are set to invest more than $7 million in capital and tenant improvements. CBRE's Capital Markets secured an acquisition loan through CapitalSource.","og_url":"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-10-08T12:25:46+00:00","article_modified_time":"2022-12-07T19:00:51+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Camelback.jpeg","type":"image\/jpeg"}],"author":"IvyLee Rosario","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/","url":"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/","name":"Fenway Capital, Iron Point Buy $25M Phoenix Office Property - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Camelback.jpeg","datePublished":"2018-10-08T12:25:46+00:00","dateModified":"2022-12-07T19:00:51+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Camelback.jpeg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Camelback.jpeg","width":800,"height":620,"caption":"Camelback Arboleda"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/fenway-capital-iron-point-buy-25m-phoenix-office-property\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Fenway Capital, Iron Point Buy $25M Phoenix Office Property"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780","name":"IvyLee Rosario","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","caption":"IvyLee Rosario"},"description":"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/","url":"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Camelback.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004269973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/746"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004269973"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004269973\/revisions"}],"predecessor-version":[{"id":1004615655,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004269973\/revisions\/1004615655"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004269988"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004269973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004269973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004269973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}