Phoenix & Southwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Once Albuquerque’s Tallest Tower, Up for Auction
An Albuquerque landmark, the former Bank of the West Tower, is up for auction.
The 17-story, 163,000-square-foot office building is located at 5301 Central Ave. NE, at San Mateo. Anthony Johnson of Pegasus Group LLC, is the broker.
Albuquerque Business First reports the auction on the vacant building is set to begin on October 30 with a starting bid of $900,000. In 2023, the property was renovated and is now equipped with four elevators and a 660-space parking lot, according to the listing.
At the time of its construction in the early 1960s, the building was the tallest in the Duke City. The tower, built by the Del Webb Corp., was named after Bank of the West when the company moved into the space in 2001. In 2012, the firm moved out of the tower.