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Homebuilder Takes Lead Spot With 42,771-SF Deal

PHOENIX-Engle Homes signs a long-term lease with an $8.2-million payout for 2600 Tower, a 20-story, class B office building. The newcomer, getting a building sign with the deal, nearly triples in size with the August move from Tempe.

By Jennifer D. Duell | Updated on April 06, 2005

PHOENIX-Engle Homes will move its local offices into 42,771 sf of class B space in a Central Avenue building. The Boca Raton, FL-based homebuilder, part of Technical Olympic USA Inc., signed a long-term lease with a payout exceeding $8.2 million to become the lead tenant in the 20-story office building.

Engle Homes will move in August to 2600 Tower from 15,000 sf of class A office space at 3150 S. 48th St. in Tempe, according to John Bonnell, a vice president with Trammell Crow Co.’s local office. He tells GlobeSt.com that Engle Homes will become the lead tenant and get a building sign as part of the deal. The homebuilder will occupy the 14th and 15th floors and parts of the 16th floor in the 20-story building.

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