Highlights
- Newmark brokered the sale of One North Central, a 429,120-square-foot office tower in downtown Phoenix.
- The buyer is a California firm that completed the transaction in an all-cash deal, per ABC15.
- The 20-story Class A building sits at 1 North Central Avenue in the heart of downtown Phoenix.
- The Phoenix Business Journal and AZ Big Media both confirmed the transaction closed around Oct. 2.
<p>A California buyer acquired <a href="https://www.nmrk.com/insights/press-releases/newmark-arranges-sale-of-one-north-central-a-nearly-430-000-square-foot-downtown-phoenix-office-tower">One North Central</a>, a 429,120-square-foot, 20-story Class A office tower at 1 North Central Avenue in <a href="/entity/downtown/">downtown</a> Phoenix, in an all-cash transaction arranged by <a href="https://www.nmrk.com/offices/phoenix/media">Newmark</a>, the firm announced Oct. 2. The deal was confirmed by the <a href="https://www.bizjournals.com/phoenix/news/2026/10/02/downtown-phoenix-office-tower-trades-hands.html">Phoenix Business Journal</a> and <a href="https://azbigmedia.com/real-estate/big-deals/newmark-sells-massive-one-north-central-office-tower/">AZ Big Media</a>.</p> <p>The tower stands at the center of downtown Phoenix's office corridor. <a href="https://www.abc15.com/news/business/downtown-phoenix-office-tower-sells-to-california-buyer-in-all-cash-deal">ABC15 reported</a> the buyer is a California firm and the deal was structured as an all-cash purchase, though a sale price was not disclosed in the sources available at publication.</p> <p>Newmark's Phoenix team, including broker Chris Marchildon, represented the transaction, according to the firm's press release.</p>
Sources
Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.
- AZ Big Media retrieved 07/10/2026 17:41
- ABC15 Arizona retrieved 07/10/2026 17:41
- Phoenix Business Journal retrieved 07/10/2026 17:41
- nmrk.com retrieved 07/10/2026 17:41
Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 07/10/2026 17:41. Every claim traces to a source.
