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17,095-SF Lease Encourages Midtown Market

PHOENIX-Clifton Gunderson LLP, the 12th largest accounting and consulting firm in the nation, will expand by 50% by moving right down the street to Phoenix Corporate Center. The lease is welcome news for a submarket with a vacancy nudging 25%.

By Jennifer D. Duell | Updated on September 16, 2004

PHOENIX-Clifton Gunderson LLP, the 12th largest accounting and consulting firm in the nation, has leased 17,095 sf in Phoenix Corporate Center for the next seven years. Occupancy is planned for December.

“This is a good deal for an inactive market and bodes well…It’s an expansion that we didn’t lose to downtown or Camelback (Corridor),” says Charles Miscio of CB Richard Ellis Inc. who represented the building owner, San Francisco-based Krausz Co. Keith Lambeth, Ashley Brooks, Jim Bayless, Susan Evans and Scott Baumgarten, all with CBRE, assisted in the negotiations for 3003 N. Central Ave.

Miscio says the key to closing the deal was the fact that Krausz Co. was particularly responsive and aggressive with Clifton Gunderson. The Peoria, IL-based firm, getting 50% more space, will vacate a 12,000-sf office at 3636 N. Central Ave. Gary Gregg of Fulton Andrews’ Phoenix office represented Clifton Gunderson.

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