Office Archives

Cleveland-based Financial risk firm expands into Phoenix

Financial risk

Hines, the international real estate firm, today announced it has signed a 19,200-square-foot lease at Renaissance Square for Gabriel Partners, a Cleveland-based financial risk and compliance firm expanding to the Phoenix market. Gabriel Partners will occupy the entire 22nd floor of Two Renaissance Square with collaborative office spaces. Gabriel Partners provides financial and risk analytics, intelligence and regulatory… Read More →

Sun State Builders completes Flagstaff DES

Sun State Builders
by in AZRE Magazine | Office

Sun State Builders announced the completion of the Department of Economic Security project in Flagstaff, Arizona. The single tenant office project is 50,000 square feet, three-Stories, and is beautifully incorporated into the pines of Northern Arizona. The fully occupied office space houses eight different departments for the State of Arizona, including Child Protective Services, Economic Security, Attorney… Read More →

Chandler office building sells for $6.5M

Chandler office
by in AZRE Magazine | Office

Commercial Properties Inc., Arizona’s largest locally owned commercial real estate brokerage, announced the sale of a 66,756 square-foot Class A office/flex building located at 2225 S. Price Rd. in Chandler. John G. Soldo, SIOR of CPI’s Tempe office represented the buyer, Ross Mitchell of Dunbar Real Estate Investment Management from El Segundo, CA, in this $6.5 million sale. “Dunbar… Read More →

Lincoln breaks ground on 250K SF offices

Rendering of the Grand at Papago Park
by in AZRE Magazine | Construction | Office

Just as it breaks ground on the first building at The Grand at Papago Park Center in Tempe, Arizona, Lincoln Property Company (LPC) has secured a pre-lease commitment from a major first tenant: leading enterprise application software company SAP America (NYSE: SAP). SAP is currently located in the Scottsdale Galleria, but will relocate to the first building at The Grand at… Read More →

LGE Design Build finishes Video West HQ

Video West's newest headquarters
by in AZRE Magazine | Industrial | Office

LGE Design Build has completed construction on Video West Inc.’s new 40,000-square-foot office/warehouse headquarters in Phoenix. Video West Inc., a national audio visual rental and staging company, moved from Tempe to the new location at 1050 N. 52nd St., doubling the size of its former space. The new building provides expedited shipping and receiving capabilities,… Read More →

CBRE earns marketing, leasing for Esplanade complex

TheEsplanade_Edited.jpg
by in AZRE Magazine | Office | Retail

CBRE has been awarded the marketing assignment for the ±1 million-square-foot mixed-use Esplanade complex, including buildings I, II, IV and V. The landmark office and retail development is located at the southeast corner of Camelback Road and 24th Street. LBA Realty, who purchased Esplanade I, II, IV and V from MetLife in late December 2015,… Read More →

RIESTER HQ moves to the Camelback Corridor

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by in AZRE Magazine | Office

RIESTER moved its offices to a more spacious and centrally situated building in the Phoenix-metro area. ‘RIESTER on Camelback’ is located at 3344 E. Camelback Road and marks a new era for the Firm that formerly operated for more than 18 years from two adjacent buildings in the Roosevelt Historic District. RIESTER’s move was made possible by… Read More →

Want your firm’s name on Phoenix’s skyline?

Phoenix
by in AZRE Magazine | Office

It’s one of the most recognizable buildings in downtown Phoenix’s skyline, and now its name is up for grabs. The Monroe Building, located at 111 W. Monroe St. in Phoenix, announced that it will lease naming rights for the building along with the 27,000 square foot two-floor Penthouse that crowns the building. The naming rights opportunity… Read More →

Holualoa, Plaza Companies team buys Arrowhead Center

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by in AZRE Magazine | Office

Holualoa Companies has purchased Arrowhead Executive Center, located at 17235 N. 75th Avenue near Arrowhead Mall in Glendale, Arizona, in an $11.7 million transaction. Plaza Companies is partnering with Holualoa Companies in the transaction and will be offering leasing, property management and construction services for the project. Renovations and improvements are already underway at the… Read More →

CBRE completes sale of Tempe corporate center

Tempe Corporate Center
by in AZRE Magazine | Office

CBRE completed the sale of 1515 Corporate Center located at 1515 W. 14th St. in Tempe. The 228,000 square-foot, single-story office building commanded a sales price of $16.5 million. The property was vacant at time of sale. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office negotiated the transaction and partnered with Dave Seeger and Karsten Peterson… Read More →

Mirage Estates acquires Scottsdale offices

Office Productivity, Interior Design
by in AZRE Magazine | Office

Cushman & Wakefield announced, Wednesday, that Mirage Estates, LLC purchased a 12,585 square-foot single-story office project at 15876 N. 76th St. in Scottsdale for $1.7 million. The new owner plans to occupy 8,855 square-feet of available space operating as Artisan Cinema & Sound. The property has an in-place tenant, RUHL Forensic that will continue to occupy the remaining… Read More →

New York firm purchases Phoenix Corporate Center

Corporate Center
by in AZRE Magazine | Brokerage | Office

Cohen Equities, a New York City-based real estate investment and management firm, purchased the Corporate Center located at 10400 N. 25th Ave. in Phoenix. The acquisition marks the firm’s second deal within the submarket since November 2015. Cohen Equities secured Corporate Center from CWSP-I-J, LLC, a company formed by Crown West Realty of Phoenix ­and owner… Read More →

Scottsdale Gainey Center II Sells for $35.25M

Gainey Center II
by in AZRE Magazine | Office

In a $35.25 million deal, Lincoln Property Company (LPC) and Goldman Sachs purchased Gainey Center II in Scottsdale. The companies will complete minor renovations at the project, underscoring a continued demand and upside for Class A executive office space. “There is definitely a need in the Valley for high-tech build outs, but the president of… Read More →

Harrison Properties will build 80KSF office building

Harrison Properties
by in AZRE Magazine | Construction | Office

Chandler Elliot Partners LLC, an investment partnership headed by Jim Harrison of Harrison Properties, purchased a 12.8-acre commercial land site at Arizona Avenue and Elliot Road in Chandler. Chandler Elliot Partners plans to construct and develop a 80,000 square-foot office building pre-leased to the Arizona Department of Economic Security. The all-cash transaction totalled $3,647,692. Escrow… Read More →