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Feds Pen 10-Year Lease for Class A Office Floor

PHOENIX-The GSA clears a $7-million payout for the TSA to light a full floor, totaling 20,258 sf, in Gateway Three. Move-in is planned for Dec. 1.

By Amy Wolff Sorter | Updated on September 11, 2008

PHOENIX-The General Services Administration, acting on behalf of the Transportation Security Administration, has inked a 10-year deal for class A office space in the 432,592-sf Phoenix Gateway Center. The agency has secured the entire third floor, measuring 20,258 sf, at Gateway Three for a $7-million payout over the lease term.

Senior vice president Jim Achen for Transwestern Phoenix represented Gateway Center’s owner, Chicago-based Transwestern Investment Co. He says Gateway Three at 410 N. 44th St. was among five potential locations examined by the TSA. The TSA will move from 4127 E. Van Buren St. at Airport Tech Center on Dec. 1.

Achen says tenant improvements will take the space down to shell so it can be tailored to the agency’s specifications. The TSA, represented by Timothy J. Pavek of Carpenter/Robbins Commercial Real Estate Inc. in San Ramon, CA, is the second tenant in the past couple months to sign for space in Gateway Three. In mid-July, Health Choice Arizona took 43,338 sf in a 66-month lease.

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