Cushman & Wakefield Arranges Sale and Financing for One Camelback

Date: December 8, 2025

Source: Cushman & Wakefield

Phoenix, AZ – December 3, 2025 – Cushman & Wakefield announced that the firm advised on the sale and arranged the acquisition and construction completion financing for One Camelback, a 163-unit luxury residential project located at the intersection of Central Avenue and Camelback Road in Phoenix’s Uptown district.

Advisory and Financing Team

A Cushman & Wakefield Equity, Debt & Structured Finance team consisting of David Karson, Megan Schmitt, and Mitch Rothstein arranged the financing on behalf of Kinella Capital. Steven Nicoluzakis and David Fogler from the firm’s Multifamily Investment Sales group represented Kinella in the acquisition.

Post Road Group, a Stamford-based real-estate investment firm, provided the capital solution supporting the transaction.

Advancing a Phoenix Landmark

Long regarded as one of Phoenix’s most closely watched redevelopment efforts, One Camelback reached substantial completion before construction paused. With the sale and new capitalization, ownership is advancing the project through its final stage of development, reclaiming its position as Uptown’s only luxury residential high-rise.

“This transaction is a milestone for Phoenix’s multifamily market and a testament to our client’s discipline and vision,” said Schmitt. “Advancing a project of this scale required close coordination across multiple counterparties and structuring a tailored capital solution calibrated for completion. With its architectural pedigree, elevated amenities, and walkable location, One Camelback reestablishes its role as a flagship address along Camelback Road and stands as a true luxury asset for the area.”

Kinella’s Role and Development Approach

Kinella Capital, led by TK Stratton, specializes in acquiring and completing complex development efforts including stalled, lender-owned, and distressed assets. The Phoenix-based firm has stabilized numerous multifamily communities across Arizona and brings deep construction expertise through its affiliated division, Kinella Construction.

Holding both a KB-1 General Contractor license and an A-1 Engineering license, Kinella provides in-house construction management and technical oversight for sophisticated execution. Stratton’s two decades owning and operating Stratton Restoration, one of Arizona’s leading property-restoration firms, further reinforce Kinella’s vertically integrated, construction-led platform.

Project Overview

Once complete, One Camelback will deliver 163 luxury residences averaging 980 square feet, complemented by 10,725 square feet of ground-floor retail and a five-level subterranean parking garage. Units will feature floor-to-ceiling windows with panoramic city and mountain views, 10.5- to 11-foot ceilings, exposed concrete finishes, quartz waterfall-edge kitchen surfaces, stainless-steel appliances, spa-quality bathrooms, walk-in closets with custom built-ins, smart-home technology, and in-unit washers and dryers.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real-estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices across 60 countries. In 2024 the firm reported $9.4 billion in revenue across its core service lines: Services, Leasing, Capital Markets, and Valuation. For more information, visit www.cushmanwakefield.com .

Media Coverage

Read the full press release on Cushman & Wakefield

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For additional details about One Camelback or Kinella Capital’s investment and development platform, please contact info@kinellacapital.com.