Avenue5 Residential recently signed a long-term office lease for the entire 2nd floor at Anchor Centre West, 2201 E. Camelback Rd., Phoenix.

Adam Tolson, Principal with Lee & Associates secured the tenant, Avenue5, who will take possession of the 17,974 SF, turn-key space early in 2016. Chris Walker, Michael Beall and Sean Spellman with Cushman & Wakefield represented the landlord, KBS III Anchor Centre, LLC.

Anchor Centre consists of three multi-tenant office buildings in a prime location on the Camelback Corridor in East Central Phoenix.

Anchor Centre West is a 6-story, 198,493 SF, Class A office building.

In 2012, a project to enhance the frontage and include parking along Camelback Rd. was instituted. The property is adjacent to premier shopping and entertainment venues and is close to the SR-51 freeway.