Office Archives

Phoenix office market on pace to surpass 2 million SF of absorption

Renaissance Square
by in AZRE Magazine | Office

For the fourth year in a row, the Phoenix office market is on pace to surpass 2 million square feet of absorption, according to the Q2 Phoenix Office Insight Report released today by the Phoenix office of JLL. According to the report, second quarter absorption totaled 595,346 square feet, representing the Valley’s 16th consecutive month of positive net office space absorption.… Read More →

Check it out: Integrate’s new Downtown Phoenix, penthouse-level HQ

Integrate offices

The 19th floor “penthouse level” of 111 W. Monroe St. in Downtown Phoenix is ready to welcome its new, high-tech tenant – courtesy of a seven-month, creative office build-out just completed this week by the Phoenix office of JLL. The new tenant is Integrate, a locally based, rapidly growing cloud marketing software and service provider. JLL Executive… Read More →

CBRE completes $66.4M sale of Camelback Commons

by in AZRE Magazine | Brokerage | Office

CBRE Group, Inc. has completed the sale of Camelback Commons, a ±322,406-square-foot office campus located at 4722 and 4742 N. 24th St. in Phoenix. The two building, Class A office property commanded a sale price of $66.4 million. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, a joint venture between California‐based… Read More →

Environmental consulting firm moves headquarters to Phoenix Plaza

The Phoenix Plaza
by in AZRE Magazine | Brokerage | Office

SWCA Inc., an employee-owned environmental consulting firm, leased 21,339 square feet of office space at 20 E. Thomas Rd. for expansion and relocation of its headquarters. “20 E. Thomas Rd. offered SWCA the opportunity to occupy a full floor of the building. The large, efficient floorplates, high-end finishes, and proximity to walkable amenities made this… Read More →

Four architectural firms work to reimagine an entire floor at Renaissance Square

Renaissance Square
by in Architecture | AZRE Magazine | Office

Renaissance Square’s “outdated image” is getting reimagined by four architectural groups, which were selected by the office development’s latest owners to design the entire fourth floor of Renaissance One. Video courtesy of Oaktree Capital – Renaissance Square from Lee & Associates Arizona on Vimeo. The redesigns, dubbed “Project Future,” will turn the 18,379-square-foot fourth floor… Read More →

JLL completes $81.75M sale of Camelback office building

by in AZRE Magazine | Office

The Phoenix office of JLL today announced the sale of 3131 and 3133 Camelback on behalf of TR Camelback Corp. The two-building, Class A office property is in the heart of the Camelback Corridor, which has enjoyed an average 93 percent occupancy rate since its delivery to market in 1998. Archon Acquisition LLC, a Goldman Sachs company,… Read More →

Fenix Development breaks ground on Tempe project

Fenix Development, a Los Angeles-based real estate investment and development company, has broken ground on Phase I of The Watermark | Tempe at the north bank of Tempe Town Lake. Phase I, of the 1.9 million-square-foot mixed-use development, will include 250,000 square feet of premium Class A office space, 44,000 SF of high-end restaurant and boutique retail service… Read More →

Henkel seeking buyer for iconic Scottsdale headquarters

The prestigious North Scottsdale office market — home to several of Arizona’s largest and most notable employers, including HonorHealth, Vanguard, Fender and Quicken Loans — now boasts one of the most desirable investment/occupier opportunities in the country with the Henkel headquarters now on the market. German-based consumer products global leader, Henkel, is seeking a buyer… Read More →

CBRE and ViaWest complete $23.3M sale in Chandler Midway Corporate Center

by in AZRE Magazine | Brokerage | Office

On behalf of ViaWest Properties, CBRE recently completed the sale of twin, two-story Class A office buildings in the Chandler Midway Corporate Center located at 5670 and 5710 W. Chandler Blvd. in Chandler, Ariz. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, Phoenix-based ViaWest Group. The buyer was Encino-Calif.-based Kramer-Wilson Company,… Read More →

Greater Scottsdale Airpark goes live, work, play

Scottsdale airpark hangar
by in AZRE Magazine | Office

The growing Scottsdale Quarter, facility additions like Sneaky Big Studios and new tech company tenants have propelled the Greater Scottsdale Airpark into the modern live, work, play era, according to a recent report. Jim Keeley released his annual Greater Scottsdale Airpark 2030 Report earlier this month, which credits the expansion of the Scottsdale Quarter to… Read More →

Construction commences on $50M renovation of Renaissance Square

Renaissance Square

Construction commenced today on phase one of a $50 million renovation of Renaissance Square, Downtown Phoenix’s iconic office towers at 2 and 40 N. Central Avenue. In a joint venture, Oaktree Capital Management, L.P., and Cypress Office Properties, LLC, purchased Renaissance square from Hines U.S. Core Office Fund, L.P last year for $151.25 million. The $10 million first… Read More →

Scottsdale Executive Office Center sells for $37.5M

Scottsdale Executive Office Center
by in AZRE Magazine | Office

CBRE recently completed the sale of Scottsdale Executive Office Center, a 181,238-square-foot Class A office campus located at 15880, 15990 and 16100 N. Greenway-Hayden Loop in Scottsdale, Ariz. Total consideration for the sale was $37.5 million. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, Phoenix-based Perry Investment Trust No.1 LLC. The… Read More →

Growing Kansas-based law firm signs lease at Esplanade

Cushman & Wakefield announced that Spencer Fane has leased 8,502 square feet at Esplanade, located at 2425 E. Camelback Road in Phoenix. The tenant signed an 18-month full-service gross lease for $38.00 per square foot from LBA Realty. The 11-story, 235,077-square-foot office building is phase one within the mixed-use Camelback Esplanade, located at the southeast… Read More →

Resimmercial design brings the feeling of home to the office

Instead of bringing your work home with you, this office trend brings home to the office. As the latest workplace trends enable employees to work where, when and how they want based on their flex schedules and unique preferences, office furniture manufactures like Allsteel are using “resimmercial design” to create a welcoming, comfortable home-like environment… Read More →