CBRE leased 24,216 SF of office space at McDowell Corporate Center, a 3-story office building at 320 E. McDowell Rd. The Consulate General of the United Mexican States, which relocated from a building near 15th Ave. and West Camelback Rd., expanded into larger quarters when it occupied McDowell Corporate Plaza this month.
Luke Walker and David Carder of CBRE’s Phoenix office represented the landlord, Abart Properties 26 LLC of Scottsdale in negotiating the 5-year lease agreement. The tenant was represented by Tivon Moffit of Colliers International in Phoenix. The exact financial terms of the transaction were not disclosed.
“Abart Properties Corporation wants to thank and found it was a pleasure working in coordination with professionals that are diligent and dedicated in collaborating with all of the parties; from the initial engagement to the execution of the lease,” said Arthur J. Ferrari III, director of finance at Abart Properties Corporation. “Their persistence, along with direction from the representatives of the Mexican Consulate General, has accommodated and nurtured the foundation for a long-term relationship between both landlord and tenant. We look to reinforce these fruitful bonds for times to come.”
In addition to gaining more office space at McDowell Corporate Plaza, the Mexican Consulate General’s new location places it closer to the Central Business District, containing the District, State and Federal Court Houses and other government agencies.
The move also positions the consulate closer to the Valley Metro Light Rail System. The tenant also benefits from recent building upgrades, including a complete renovation of the common area, new HVAC, electrical and mechanical systems, as well as new landscaping and exterior paint.
The Mexican Consulate General will be the largest tenant at McDowell Corporate Plaza, occupying 70% of the building. The balance of the property remains available for lease.