Progressive, Tata, Lease Nearly 40,000 SF

PHOENIX-The 146,000-square-foot Union Hills Office Plaza has two new tenants, which signed for a combined total of 38,831 square feet. Deals struck with Tata America International Corp. and Progressive Casualty Insurance Co. pushed occupancy at the class A office building to 94%.

CB Richard Ellis senior vice president Ashley A. Brooks Jr., who represented Tempe, AZ-based building owner Metro Commercial Properties, tells GlobeSt.com that both tenants looked at other locations. Ultimately, “Tata picked the building for the same reason Progressive did. Progressive has a higher-than-standard parking ratio. This building was able to accommodate them because University of Phoenix has mostly night-time parking needs,” says Brooks, who partnered with CBRE senior vice president James G. Bayless and client services specialist Kelley Morrison on the transaction. University of Phoenix occupies about 90,000 square feet at the facility at 2550 W. Union Hills Dr.

Tata America International, headquartered in India, signed a six-year lease for 21,647 square feet, with plans to move into the space in late April. Wally Hale of Jones Lang LaSalle’s Phoenix office was the tenant representative. Tata, which does business in the United States as TCS America, will use the space for software development on behalf of Fortune 500 clients.