Stifel signs 10-year lease at Camelback Collective

Real Estate | 21 Aug |

One of the country’s premier investment firms is moving its Phoenix office to a premier location in the Camelback Corridor’s newest office project.  Stifel, Nicolaus & Company, Incorporated (“Stifel”) is a full-service wealth management and investment banking firm established in 1890. It is the primary broker-dealer subsidiary of Stifel Financial Corp., a diversified financial services holding company that conducts its business through several wholly-owned subsidiaries.

It is the latest company locating at the new high-profile, mixed-use property located at 2801 E. Camelback Road, Phoenix, with the company signing a 10-year lease for a 22,734 square feet of space on the property’s third floor. The move is a relocation from a smaller office in another Camelback Corridor building. 

Camelback Collective is a dynamic, modern development that reflects who we are as a firm,” said James Zemlyak, President of Stifel.  “The Phoenix market figures prominently in Stifel’s growth plans, and as we work to add financial advisors to our wealth management practice and build out our public finance business in the region, our new office space will help us attract talent in a highly competitive marketplace.”

“As the premier municipal bond firm in the state, we look forward to moving into the Camelback Collective and expanding our office space to accommodate both our team and our growing Private Client Group under one roof, said Grant Hamill, Managing Director, Stifel Public Finance.  “After reviewing many options available in the Biltmore area, it was hands-down the best office space available.”

“We’re excited to make the exclusive Camelback Collective the new home for our expanding financial advisor force,” added Jim Van Steenhuyse, Managing Director, Arizona.  “With the Collective’s stunning views and convenient client access and parking, we couldn’t be happier with our selected location. Stifel is one of the fastest-growing investment firms in the U.S., and we are confident the combination of our firm’s desirability and our new location will allow us to continue our record growth in the Valley like we saw in the last 18 months.” 

The four-story, LEED-certified 115,000 square-foot office complex, which is a joint venture between Holualoa Companies and LaPour Partners, combines ultra-modern office space with an adjacent, 160-room AC Marriott Hotel complete with a coworking area, a conference center and a full bar and restaurant, among other amenities. 

The complex and hotel rise prominently over a high-traffic area, giving businesses a central, walkable location to multiple restaurants and amenities while taking advantage of the property’s considerable signage and related accommodations. The desire for companies to occupy this new generation of workspace has been strong with additional announcements expected soon.

“We are very pleased to welcome Stifel to Camelback Collective,” said Stan Shafer, Chief Operating Officer for Holualoa Companies. “They are just the type of company we’re looking for as we continue the leasing momentum for the project, and we are looking forward to this long-term relationship as they move into this award-winning project.” 

In addition to a highly desirable location, the Camelback Collective offers an abundance of key features and accommodations, among them elevated ceilings, high-speed elevators with direct garage to suite opportunities, floor-to-ceiling glass features and numerous LEED green-building elements.

Jerry Roberts and Pat Boyle of Cushman and Wakefield are in charge of leasing for the project. For more information on leasing opportunities at Camelback Collective, contact Roberts and Boyle at 602.229.5829.

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