Tom Jacobs of Grubb & Ellis Co.'s Phoenix office, tells GlobeSt.com that the five-year tenant expanded its space by 1,000 sf in the transaction. The firm currently uses the office for administrative services related to its health-care operation.
The two-and three-story buildings located at 3020 E. Camelback Rd.near 30th Street are situated around a man-made lake that is the focal point of the complex. Terms of the lease were not made available.
Jacobs and Chris Walton, also with Grubb & Ellis' office division, and Doug Edison, with the Edison Group, represented the tenant in the transaction. Jennifer Bishop with the Phoenix office of CB Richard Ellis Inc. bargained the terms for the building owner, CMD Realty Investment Fund IV.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
