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University Re-Ups, Expands at Stapley Center

MESA, AZ-The University of Phoenix goes back to the bargaining table two years early and picks up another 9,000 sf for a total of 46,621 or two full floors in the class A complex. The long-term deal nudges occupancy to 90%.

By Jennifer D. Duell | Updated on April 15, 2005

MESA, AZ-The University of Phoenix has stamped a 46,621-sf lease in an early renewal with a 9,000-sf expansion for Stapley Center. The long-term deal is valued at more than $7 million.

The University of Phoenix was one of the first tenants to commit to space in Stapley Center when it was completed in 2000, says Karsten Peterson, a senior vice president with Trammell Crow Co.’s Phoenix office. He, Dave Seeger and Mark Gustin, also in TCC’s local office, represented the owner, Dallas-based Invesco Realty Advisors. The University of Phoenix uses the 1620 S. Stapley Dr. building for administrative offices and classrooms.

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