Anchor Centre (Photo courtesy of KBS REIT III)
KBS REIT III renews lease at Anchor Centre
KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust based in Newport Beach, California, announced the renewal of a 16,194-square-foot lease by Northwestern Mutual, a financial planning company, at Anchor Centre.
The Class A, two-building office complex totals 333,014 square feet and is located in Phoenix’s Camelback Corridor. Northwester Mutual’s new lease is for 10 years.
Anchor Centre offers a strong amenity base, including a dry cleaning service, a fitness center offering personal training, cardio and strength training machines and free weights, a conference and training room, a mobile car wash service, underground parking and a tenant lounge and game room.
Tenants can also enjoy various dining options, including City Market Deli & Catering, a delicatessen offering a full-service Starbucks, and The Gladly, a five-star restaurant. Additionally, Anchor Centre hosts “Food Truck Tuesday” on select Tuesdays each month in its outdoor common area with gourmet food trucks and pop-up boutiques.
The property’s desirable location near 24th Street and Camelback Road provides easy access to Phoenix’s shopping, restaurants and hotels, and tenants can take a free shuttle service to nearby amenities.
“We are very glad that Northwestern Mutual has chosen to extend its time at Anchor Centre,” said Tim Helgeson, senior vice president at KBS. “The property’s unparalleled onsite amenities make for an upscale experience within a vibrant urban setting where tenants can enjoy working.”
Mike Beall of Cushman & Wakefield represented KBS REIT III, and Chris Krewson and Mike McQuaid of Newmark Grubb Knight Frank represented Northwestern Mutual in the transaction.