CBRE has negotiated a 201,724-square-foot lease at Rio West Business Park, a class A office complex located at 1821, 1921 and 2021 W. Rio Salado Parkway in Tempe, Ariz.
Fort Worth, Texas-based American Airlines Group, the holding company for American Airlines and US Airways, is the anchor tenant of the business park, where the company houses accounting, customer service and IT jobs. American also has staff facilities at 111 W. Rio Salado Parkway and reservations and customer service functions at other locations in Tempe, in addition to its airport flight, training and maintenance operations at Phoenix Sky Harbor International Airport. The company employs more than 10,000 people in Arizona.
American’s new lease agreements for the Rio West space run through April 2019 for Buildings B and E and September 2017 for Building A. Financial terms were not disclosed.
Tom Adelson in CBRE’s Phoenix office represented the tenant in the lease agreement. The landlord, Leavitt-Wolff Tempe Holdings LLC of Seattle, was represented by Warren Johnston, also of CBRE’s Phoenix office.