Esplanade III

JLL, as exclusive advisor, is pleased to present Esplanade III (the "Property"), a 222,820 square foot trophy office asset strategically positioned at 2415 East Camelback Road in Phoenix, Arizona's premier Camelback Corridor submarket.

Currently 83.4% leased to investment-grade and creditworthy tenants, Esplanade III delivers immediate cash flow stability while offering substantial value-creation opportunities through lease-up and material mark-to-market rent growth. In-place rental rates average $46.79 per square foot, 54% below top of market rental rates, providing new ownership with measurable organic revenue expansion as existing leases roll.

Strategically positioned within the reenvisioned 1.3 million square foot Esplanade mixed-use campus in the heart of the Camelback Corridor, Esplanade III provides tenants with immediate access to a dynamic ecosystem of office, luxury hospitality, and newly curated dining—all within an amenity-rich, walkable setting.

The Camelback Corridor represents one of Phoenix's most dynamic institutional office submarkets, characterized by limited competitive supply, high barriers to new development, and consistent tenant demand from a variety of corporate users. Esplanade III offers investors a rare opportunity to acquire an irreplaceable asset positioned for immediate income growth and sustained long-term value appreciation.