Century Plaza becomes One Lexington with ownership change

Century Plaza, a high-rise condominium in Phoenix’s Central Corridor, has been re-named One Lexington by the building’s new owners, Lexington Avenue LLP. Lexington purchased the 17-story tower for an undisclosed sum from M&I Marshall & Ilsley Bank, which acquired the 130-unit property after Windsor Century Plaza LLC defaulted on a $39.9 million loan obtained in 2006. The building will be re-introduced to the market as a “newly defined and modern metropolitan living space complete with first-class amenities, finishing packages and a dramatically lower pricing model than the original residences sold for,” Lexington’s Wednesday announcement said.

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