TEMPE, AZ-In a submarket where office vacancy exceeds 26%, Hayden Ferry Lakeside Phase II is outperforming the market. Five new leases have brought the 12-story, class A office building’s occupancy to more than 90%.
In the past nine months, the 300,000-square-foot Hayden Ferry Lakeside Phase II has leased about 67,000 square feet. Among the new leases are deals with Microsoft Corp. and Citrix Systems Inc.
“Tenants see an opportunity to take advantage of current market conditions to upgrade their space in the Phoenix metro market,” says Bryan Taute of CBRE’s Phoenix office. He and Brad Anderson represented the building owner, New York City-based Sumitomo Corp. of America, in lease negotiations.
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