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Mortgagor Crafts 63-Month Lease for First Valley Office

PHOENIX-Mortgage Information Services Inc. looks all over the Valley for the right spot before signing for 15,000 sf of office flex space in Opus West Cotton Center. The doors open in the spring on a 100-job operation.

By Jennifer D. Duell | Updated on February 17, 2005

PHOENIX-Mortgage Information Services Inc. will establish its first location in the Valley at Opus West Cotton Center, bringing more than 100 jobs to the area. The Cleveland-based title and escrow company signed a 63-month lease for 15,000 sf of office flex space.

The pact for 4320 E. Cotton Center Blvd. is valued at slightly more than $1 million for building owner, Opus West Corp., says Scott German, a VP with NAI Horizon’s Phoenix office. “Mortgage Information Services wanted flex space that would offer ease of expansion and they also wanted a location that would provide a professional image,” he says. “They also wanted shell space so they could build it out to their specifications.”

German tells GlobeSt.com that Mortgage Information Services considered spaces from one end of the Valley to the other. However, it soon became clear that the firm wanted to be centrally located. “Once we did our homework, it was pretty easy to narrow it down to the Opus buildings,” he says. Mortgage Information Services will move into the building in the spring.

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