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Esplanade I Gets New Tenant

PHOENIX-Cypress Communications is inbound to the class A property after signing a three-year lease for 2,471 sf in a deal priced at $192,738 over its term. The telecommunications firm is relocating from midtown.

By Beverly Ford | Updated on March 14, 2003

PHOENIX-An Atlanta-based telecommunications firm will move its offices from the city’s CBD to Camelback Road in the city’s fashionable Biltmore area under a three-year lease deal valued at $192,738.

Cypress Communications took 2,471 sf of class A space at the Esplanade Tower I in a move to downsize its operations, Gwen Musfeldt, with Cushman & Wakefield of Arizona Inc.’s Phoenix office tells GlobeSt.com. Musfeldt said the company selected the 2425 E. Camelback Rd. office tower because of its proximity to the clients they service. The firm is moving from midtown at 2929 N. Central Ave.

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