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East Gateway Center Fields Two Top Names for Roster

PHOENIX-Alliance Bank of Arizona signs a 10-year lease for 9,000 sf while Layton Southwest lines up 8,000 sf in a five-year commitment for an Arizona headquarters site. The double signing is valued at $3.4 million.

By Beverly Ford | Updated on January 14, 2003

PHOENIX-Two prominent tenants have taken up residence in the East Gateway Center with $3.4 million in leases for 17,000 sf of a 115,075-sf, four-story office complex that opened just nine months ago.

Alliance Bank of Arizona signed a 10-year lease for 9,000 sf of first-floor space in the building for a total consideration of $2.2 million. The bank will put its corporate offices along with a branch bank at the site.

In a separate transaction, Layton Southwest Inc., a subsidiary of Salt Lake City-based the Layton Cos., signed a five-year, $1.2-million lease for 8,000 sf that will be used for the construction firm’s Arizona headquarters.

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