Search
 

Trio Carves Out 22,223 SF of Class A Space

SCOTTSDALE, AZ-A massage company, technology firm and homebuilder pen five-year deals valued at a combined $3 million for Reliance Northsight, a 136,000-sf building that jumps to 87% occupancy with the leasing flurry.

By Jennifer D. Duell | Updated on June 16, 2005

SCOTTSDALE, AZ-Three companies have leased 22,223 sf of class A office space in five-year deals valued at $3 million. The leasing flurry pushes occupancy to 87% in the 136,000-sf Reliance Northsight.

The largest space taker, Massage Envy Ltd. LLC, took 9,210 sf in a lease valued at $1.2 million for Phoenix-based Reliance Cos., owner of the 14350 N. 87th St. building. The tenant, which operates massage shops across the nation, will use the first-floor space for its world headquarters, says Blake Hastings, a senior associate with Grubb & Ellis BRE Commercial LLC. He and Jeff Wentworth are the leasing agents for Reliance Northsight.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.