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The Leona Group leases 15,054 SF at Catalina Terraces in Phoenix

Cassidy Turley announced that it completed a lease of 15,054 square feet for locally based The Leona Group Arizona, LLC at Catalina Terraces, 7878 North 16th Street in Phoenix.

Cassidy Turley Vice President Justin Himelstein represented the tenant, while Phil Breidenback, Keith Lambeth, Lindsey Carlson and Ryan Timpani with Colliers International represented Catalina Terraces Operating Associates, a company formed by Rosemont Realty.

“We scoured the market for potential sites to purchase and lease, but it made the most financial sense for The Leona Group to renew and remain at Catalina Terraces,” Himelstein said. “We were able to reduce overall occupancy costs while negotiating tenant improvements to modernize the space.”

The Leona Group is a national provider of services to charter schools and among the nation’s pioneers of education reform. Leona formed in 1996 to provide quality school choices to families, primarily in urban communities. Each school curriculum is centered on the child, with lessons and standards presented in ways that help students thrive and succeed with comprehensive school management services as well as rewarding careers for world-class educators. The Leona Group currently operates 60 schools in Arizona, Florida, Indiana, Michigan and Ohio with approximately 18,000 students enrolled. Its philosophy is that every child can and will learn, regardless of ethnicity, economic or educational disadvantage.

Built in 1990 and renovated in 2002, Catalina Terraces is a 177,522 SF Class-A office building with a unique Southwestern design adjacent to the Phoenix Mountain Preserve and Pointe Hilton Resort. The project has quick access to the State Route 51 and is minutes from Sky Harbor International Airport. The Leona group will use the space for its Corporate Headquarters.


Transwestern Closes Lease Renewal of Phoenix Health Plan HQ

Transwestern has secured a lease renewal and 40% expansion for Phoenix Health Plan’s corporate headquarters space in the Catalina Terraces complex, 7878 N. 16th St.

In the long-term renewal, Phoenix Health Plan has leased an additional 19,000 SF to accommodate new personnel for two of its medical plans: Phoenix Health Plan and Abrazo Advantage Health Plan. With a total of 64,000 feet of space, it is the largest tenant in the building.

“We were thrilled to assist Phoenix Health Plan in securing additional space to accommodate their growth,” said Kate Morris, senior vice president at Transwestern. “This is a centrally located building that offers an easy commute for employees who live throughout the Phoenix metropolitan area. And by restructuring the Health Plan’s current lease, they were able to take advantage of favorable economic terms.”

Phoenix Health Plan was represented by Morris and Vince Femiano, vice president, both of whom are based in Transwestern’s Phoenix office. The Catalina Terraces owner, Santa Fe, N.M.-based Rosemont Realty, was represented by Phil Breidenbach and Keith Lambeth of Colliers International.

Built in 1990 and renovated in 2002, the 3-story Catalina Terraces structure is located at the top of 16th St. and Northern. It offers amenities including the Point Hilton Resort and several restaurants. With easy access to Downtown Phoenix and the Squaw Peak Parkway, Catalina Terraces is minutes from the Camelback Corridor. In 2006, the building was awarded an ENERGY STAR® Label for its operating efficiency.