Park Central is welcoming its largest new tenant since its revitalization began two years ago. WCUI School of Medical Imaging and Nursing (WCUI) has signed a long-term lease for a 20,000-square-foot space in the Lieb Building in the heart of Park Central. The company is relocating from existing offices in the Camelback Road Corridor and will enjoy numerous new outdoor amenities unique to the former mall site.
WCUI is a private postsecondary vocational college based in Los Angeles, with brand campuses located in Ontario, California and in Phoenix. The institute trains students for careers in Ultrasound, MRI, and Nursing.
The new lease is just one of several recent transactions that have boosted momentum at Park Central. They include the recent opening of the WearTech Center — a subsidiary of the Project for Economic Innovation which is taking an 6,800-square-foot space at Park Central — the new Zipps Sports Grill opening in the project, the new 275-unit Millennium multifamily development and of course the new Creighton University Health Sciences Campus.
Additionally, The Nerdery, a digital business consulting firm, has signed a seven-year lease for an 8,317 square foot space in the Leib Building at Park Central. The company moved into the space this fall.
“We are pleased to welcome WCUI to Park Central and are excited about their role in the project’s revitalization,” said Sharon Harper, Chairman and CEO of Plaza Companies. “Park Central is an ideal location for innovative tenants as well as companies looking for a superior indoor-outdoor office environment. WCUI is a great fit for the project and we look forward to seeing their growth over the coming years.”
“The vision for Park Central is really starting to take shape, and it’s organizations like WCUI that will benefit from this revitalized property,” said Stan Shafer, Chief Operating Officer of Holualoa Companies. “Park Central’s location in the heart of the city’s business community is one of the prime reasons we are starting to see such momentum with the project.”
Plaza Companies and Holualoa Companies teamed up to redevelop Park Central Mall, which once was the city’s first official large-scale shopping mall. The companies have transitioned the expansive space from a retail center to an almost 500,000-square-foot bustling community hub ideal for playing, working, congregating and celebrating the arts.
“Park Central is an ideal location for WCUI because of its accessible location and proximity to exceptional medical facilities,” said Andrew High, Chief Operating Officer with WCUI. “Park Central will help WCUI create a great learning environment for our students in a central area of Phoenix with excellent walkable amenities. At Park Central, WCUI will be positioned to attract top talent in order to provide a constantly improving experience for our Students. We were attracted to the project’s energy, proximity to medical facilities and outdoor spaces and we look forward to being part of Park Central for many years to come.”
David Leit and Steve Seinfeld of Cresa represented WCUI in the transaction, and the team of Andrew Cheney, Craig Coppola and Gregg Kafka of Lee & Associates and Bill Cook and Margaret Lloyd of Plaza Companies represented the development team.
The new Park Central includes 450,000 square feet of Class A creative office and retail space available for lease with the ability to accommodate tenants ranging from 3,500 square feet to more than 100,000 square feet in size. It features exclusive tenant patios, on-site restaurants and amenities, a stunning mid-century modern design, 15-25 foot ceilings, convenient bike path and light rail access and ample parking. For more information on the project, visit www.parkcentralphoenix.com.