'We're seeing a lot more tenants look on Central - not only small tenants but some real credit tenants," John Bonnell, managing director with Insignia/ESG, tells GlobeSt.com. "People are starting to take a look at Central and see all these amenities at a price that's real value and that's what tenants are looking for right now."

Bonnell says the architectural firm could have opted for a Camelback Corridor location but found the amenities at its new location, including 24-hour security, on-site management and an in-house deli, to be well worth the $1.05-million price on a six year lease.

"The tenant realized the value that 4041 Central Plaza had to offer with the recent project renovation, it's close proximity to numerous restaurants, the new Steele Indian School Park as well as it's proximity to the future light rail, all at a very competitive price," says Bonnell. "It's truly a great value if you understand the benefits of the location with the price."