PHOENIX—California Casualty Insurance Co. has renewed its 27,750 SF o?ce lease for a 6-year term at Talavi Corporate Center, 5651 W. Talavi Blvd. in Glendale.
Craig Coppola and Andrew Cheney, principals with Lee & Associates Arizona negotiated on behalf of California Casualty. Ashley Brooks of CBRE represented the landlord, Regent Properties, Inc. of Los Angeles. Coppola originally brought California Casualty to the building in 2004.
During lease negotiations, the owner, CW Capital Asset Management sold the property to Regent Properties who was successful in retaining the strong anchor tenant.
“We were able to help California Casualty to capitalize on the competitive market in the West Valley. All parties were pleased with the win-win transaction,” says Cheney.
Coppola and Cheney were not available for further comment at press time.
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