"The park has come a long way in the last few years, and has established itself as the premier business park in the northwest," Jennifer Bishop, a senior associate at CB Richard Ellis Inc.'s Phoenix office, tells GlobeSt.com. "With all the new development, there's a lot of growth headed out to Glendale."

Located at 5651 W. Talavi Blvd., the Talavi Corporate Center was completed in 2002 in the burgeoning Bell Road corridor. The building, located adjacent to a 416-acre center mixed-use development, is home to tenants such as Honeywell, Marriott and Comdisco. Bechtel Engineering also occupies the second and third floors. California Casualty plans to move its headquarters to the building in September.

The CBRE Phoenix team of Bishop, Mark Seale and Chris Krewson represented the property owner, Mainstreet Capital Partners. Craig Coppola of Lee & Associates Arizona's Phoenix office negotiated for the tenant.

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
NOT FOR REPRINT

© 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.