Firms Ink $10.65 Mil in Leases for Toney Address

PHOENIX-The intersection has further secured its position as the epicenter of business in Phoenix.

Two major corporate tenants have signed leases for space in the fifth tower at the Camelback Esplanade, a major office development at the southeast corner of 24th Street and Camelback Road in Phoenix. Opus West is under construction on the fifth tower on the site, Esplanade V, a 230,000-sf, 10-story office tower, and should have it ready for tenants by early next year.

ASARCO, one of the world’s largest copper mining and refinement companies, signed a five-year lease for 23,700 sf of space. ASARCO employees nearly 3,000 people in Arizona.