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Lifewise Picks Galleria for First Arizona Office

SCOTTSDALE-The converted mall at 4343 N. Scottsdale Rd. won out over other sites because of its prime address and its leasing rates, which average in the mid-$20 per sf range.

By Bev Ford | Updated on November 20, 2002

SCOTTSDALE-The Galleria Corporate Centre has taken on another tenant. LifeWise Health Plan of Arizona has signed a five-year, $1-million-plus lease for 11,000-sf of office space.

The converted mall at 4343 N. Scottsdale Rd. won out over other sites because of its prime address and its leasing rates, which average in the mid-$20 per sf range, says Jerry Roberts with CB Richard Ellis, a broker in the deal. The lease marks LifeWise’s first location in the Phoenix market.

“They were looking for a Class A office building with good amenities and economics,” says Roberts, who represented the landlord. Luke Walker and Jerry McCormick of CB Richard Ellis represented LifeWise, which is already working out of temporary space in the building en route to full occupancy by February.

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