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9,000-SF Office Reserved in 72,000-SF Center

PHOENIX-The Northern Corporate Center steps into the limelight with a 90% occupancy. The newest tenant is ProNet, a technical advisory firm, which signed for 9,000 sf in a five-year contract. Ten months ago, the building was empty.

By Beverly Ford | Updated on November 05, 2002

PHOENIX-The nation’s sluggish economy may have deterred some companies from moving into new quarters, but that hasn’t stopped the Northern Corporate Center from filling its office space. The 72,000-sf building at 1600 E. Northern Ave. has gone from having no tenants to 90% occupied in the last 10 months.

“This is the only building I know that has gained 90% occupancy in the past 10 months. It’s done very well,” Jeff Wentworth, vice president for Grubb & Ellis Co.’s office division in Phoenix, tells GlobeSt.com. “Everyone who goes through it really loves it.”

Wentworth credits owners Doug Dragoo and Steve Barger with Northern Corporate Center LLC with turning around the building. Once home to Bank One’s financial division, the building was purchased by the two investors about a year ago for more than $5 million and renovated into office suites.

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