CBRE will lease Midtown Phoenix office space

Real Estate | 9 Jan |

CBRE has been awarded the office leasing assignment for 3200 North Central on behalf of the landlord, Denver-based DPC Companies. The 25-story, Class A office tower sits just south of Osborn Road on Central Avenue in Midtown Phoenix.

Corey Hawley and Jimmy Cornish, with CBRE’s Phoenix office, will oversee the leasing efforts for the building on behalf of the landlord. 

DPC Companies purchased the 346,027-square-foot building in 2016 and invested in new spec suites, extensive renovations to the lobby, common areas and outdoor plaza, as well as upgrades to the HVAC and elevators. A fitness center was added and the deli was upgraded to provide tenants with modern on-site amenities. The building, originally built in 1984, is ENERGY STAR rated.

“DPC Companies responded to what modern office users want today by upgrading the space with design elements and amenities that shift away from the traditional office space and promote creativity, collaboration and an overall enhanced work experience,” said CBRE’s Hawley. “3200 North Central offers the contemporary office space Midtown previously lacked.”

The building is located along the Metro light rail and offers superior access to popular Phoenix eateries like Postino, Southern Rail, Windsor and Shake Shack. Additionally, it sits adjacent to the former Park Central Mall, which is expected to be redeveloped into a modern mixed-use project in the coming years.

“3200 North Central’s revitalization came to fruition just as Midtown started to see a boom in activity from retail, restaurants and housing. The redevelopment of Park Central Mall will only add to the building’s nearby amenities and walkability,” said Hawley. 

Notable tenants at 3200 North Central include Comerica Bank, Dignity Health, Prudential, Jaburg Wilk and AssetMark. The property is managed by CBRE. 

Several full floors and newly designed spec suites are vacant.

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