The leases, which range from three to seven years, will bring more than $3 million into the coffers of Presidio Investments, owner of the 202,000-sf office complex at 2720 E Camelback Rd. in Phoenix.
"With concerns of war over, tenants are getting a little more confident and are moving out of B locations into A locations. They're taking advantage of market concessions to upgrade their image," Mark Myrick with Presidio Commercial Services LP tells GlobeSt.com.
Myrick said the recent spurt of lease signings are a promising sign for the Valley's struggling office market. "It's encouraging," he said.
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