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Mortgage Banking Firm Opens First Valley Office

PHOENIX-People's Choice Home Loan Inc. inks a 64-month pact for 13,563 sf in Three Gateway, a class A office building that edges to 92% occupancy with the new deal. The lease has a $1.3-million payout.

By Jennifer D. Duell | Updated on April 28, 2005

PHOENIX-People’s Choice Home Loan Inc. will open its first Valley office in 13,563 sf of class A space in Three Gateway. The 64-month lease has a $1.3-million payout over the term.

The Los Angeles-based residential mortgage banking firm will move into third-floor space at 410 W. 44th St. in mid-May, according to Tom Johnston, a director with Cushman and Wakefield of Arizona Inc. He and C&W’s Michael Beall represented CMD Realty in the transaction. A Staubach Co. team–Thomas Turley in Los Angeles and John Pierson and Jim Sadler in Phoenix–steered the site search and negotiations for People’s Choice Home Loan.

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