CBRE has negotiated a 20,000-square-foot office lease at Talavi Corporate Center located at 5651 West Talavi Blvd. in Glendale, Ariz. Progressive Leasing, a Draper, Utah-based financial services vendor for retailers and merchants, will open its first operations center in Arizona, bringing approximately 500 new jobs to metropolitan Phoenix by the end of 2015.
Ashley Brooks, Jim Bayless and Jenny Aust with CBRE’s Phoenix office negotiated the lease between the landlord, Los Angeles, Calif.-based ROF II Talavi, LLC and the tenant.
Progressive Financial helps retailers and merchants service their customers by offering a lease/purchase program to customers that currently cannot qualify for traditional financing or as an alternative financing option. The company was founded and is headquartered in Draper, Utah. The lease at Talavi Corporate Center marks Progressive’s first location outside of Utah.
Our new Glendale facility is an important part of Progressive’s growth plan and our ‘always up’ strategy,” said Ryan Woodley, CFO/COO of Progressive. “Our expansion requires a great labor force, superior facilities, and few geographic or weather anomalies. Glendale was a perfect fit for our needs.”
Opening in November, the new support center will be Progressive’s second operations site and include underwriting, customer service, retailer support, and collections teams. Progressive anticipates hiring 50 employees per month, reaching 500 employees at the center before the end of 2015. Open positions will be posted at www.progleasing.com.
Glendale is an excellent location because of our abundant, qualified workforce and close proximity to multiple major transportation corridors,” said Economic Development Director for the City of Glendale Brian Friedman. “Our process for expedited development services has really given us the reputation of working with the client to ensure they open within their timeframe.”
Developed in 2002, Talavi Corporate Center is a ±152,936-square-foot, class A, three-story office project in Glendale. The property offers tenants access to a talented, well-educated labor pool of nearly 1.3 million within a 30-minute commute. Additionally, the property’s corporate neighbors include Delta Dental of Arizona, Alaska USA Federal Credit Union, CSAA/AAA Insurance, Phoenix Heart PLLC, John C. Lincoln Medical Services and Credit Union West creating a dynamic professional environment in the immediate area.