Camelback Esplanade has signed leases with both Aon and Apogee, according to Cushman & Wakefield.
Camelback Esplanade is a mixed-use project at 24th St. and Camelback Rd.
Jerry Jacobs, Larry Downey and Michael Crystal of Cushman & Wakefield of Arizona represented MetLife, the landlord, in the lease negotiations. Vince Femiano of Transwestern represented both of the tenants.
Aon is a global provider of risk management, insurance brokerage and human resource services. Aon has leased 10,800 square feet of space at 2555 E. Camelback Rd. on the seventh floor. Currently, the company has an office at 1850 N. Central Ave. The company will relocate to Camelback Esplanade in the second quarter of this year to begin its 11-year lease at the property.
Apogee Physicians currently occupies suites 1100 and 950 at 2525 E. Camelback Rd. and has expanded its presence at Camelback Esplanade from 10,843 square feet to 15,400 square feet. Apogee Physicians has been a tenant at Camelback Esplanade since 2004.
“These transactions demonstrate the continued interest of top tier tenants in occupying the Camelback Esplanade,” says Jacobs, executive director with Cushman & Wakefield of Arizona. “Vacancies at the intersection continue to drop. However, the upcoming opening of Del Frisco’s Grille at the Esplanade will only add more value to the tenants at the property.”