CBRE completed a 30,500 SF lease with LivingSocial at a four-story, Class A office building located at 250 S. Williams Circle in Tucson.
LivingSocial, an online discount promoter for local products and services, plans to open a new call center in Tucson in July.
David A. Volk, SIOR, and Bruce A. Suppes of CBRE’s Tucson office represented the landlord, Kent Circle Investments LLC, in negotiating the five-year lease agreement. LivingSocial, based in Washington D.C., was represented by Steve Burman and Jay Farmer of Jones Lang LaSalle, also in Washington D.C., and Andrew Medley in the firm’s Phoenix office. The exact financial terms of the transaction were not disclosed.
“This building is among the most modern in Tucson and was specifically designed with technology-intensive users in mind,” said CBRE’s Volk.
LivingSocial will occupy the building’s entire top floor, bringing its occupancy to 100 percent. In addition to the new Tucson location, LivingSocial also has large offices in Washington D.C., New York, Seattle, San Francisco and Los Angeles.
Kent Circle Investments LLC is controlled by Seldin Real Estate Inc. of Scottsdale. The company also owns the high-rise office building at 5151 E. Broadway in Tucson.