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Mortgage Company Leases 39,327 SF

PHOENIX-AZ Prime One Mortgage Corp. expands with a relocation to Mohawk Business Center at 10601 N. 19th Ave. The 7.5-year flex lease has a payout of $2.9 million to the property owner, Panattoni Development Co.

By Jennifer D. Duell | Updated on October 15, 2004

PHOENIX-AZ Prime One Mortgage Corp. has relocated and expanded in 39,327 sf of flex office space at Mohawk Business Center, putting a 7.5-year lease into the coffer for property owner Panattoni Development Co. The lease for 10601 N. 19th Ave. is valued at $2.9 million over the term.

“This is a fairly significant expansion for AZ Prime One Mortgage,” says Charles Daggett, managing director for Dallas-based Mohr Partners Inc. “It’s a function of all the home-buying and refinancing that is going on here.” He, Dina Boscardin and Jason Malcolm, also with Mohr Partners, represented AZ Prime One.

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