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US Bank Tower Poised for Growth

PHOENIX—Following a nearly $3 million renovation of the landmark US Bank Center in downtown Phoenix, Parallel Capital Partners has renegotiated nearly 100,000 square feet and more than $25 million in total lease consideration with existing tenants.

By Kristian Seemeyer | Updated on June 02, 2014

PHOENIX—Following a nearly $3 million renovation of the landmark US Bank Center in downtown Phoenix, Parallel Capital Partners has renegotiated nearly 100,000 square feet and more than $25 million in total lease consideration with existing tenants Valley Metro Rail Inc. (57,074 square feet renewed to 2026); Xerox (31,861 square feet renewed to 2020); and Jacobs Engineering Group Inc. (20,451 square feet renewed to 2024).

Additionally, the City of Phoenix Police Department recently leased 3,290 square feet of administrative space on the first floor, affording them a more strategic presence in the downtown district.

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