Talavi Corp Center Side Exterior, AZ
RedFlex signs 2 leases to relocate operations
Redflex Traffic Systems has signed two leases to relocate its Phoenix office operations to buildings at 5651 W. Talavi Blvd. within Talavi Corporate Center and 16680 N. 51st Ave. within the 51 Bells project in Glendale, AZ.
Senior Directors Blaine Black, Sam Murik and Don Rodie and Associate Robb Vallier with Cushman & Wakefield represented Redflex in the lease negotiations. Ashley Brooks of CBRE represented Los Angeles-based Regent Properties, owner of Talavi Corporate Center. Mark Linsalata of Lee & Associates Arizona represented Arizona-based 51 Bells Limited Partnership.
Redflex leased approximately 35,760 square feet of space at Talavi Corporate Center and is relocating from 23rd Avenue and Pinnacle Peak Road. Redflex also leased approximately 14,000 square feet at 51 Bells. The company will take occupancy of its new spaces in December.
“This was an opportunity for Redflex to rid itself of wasted space, gain efficiencies, and relocate to an area full of amenities for its employees,” Mr. Black said.
Redflex Traffic Systems develops and manufactures a wide range of digital photo enforcement solutions including red light camera, speed camera, and school-bus-stop arm camera systems. The successful merger of Cushman & Wakefield and DTZ closed September 1, 2015. The firm now operates under the iconic Cushman & Wakefield brand and has a new visual identity and logo that position the firm for the future and reflect its trusted global legacy and wider history. The new Cushman & Wakefield is led by Chairman & Chief Executive Officer Brett White and Global President Tod Lickerman. The company is majority owned by an investor group led by TPG, PAG, and OTPP.