PHOENIX—In this edition of Deal-Tracker, Cushman & Wakefield of Arizona, Inc. has negotiated a lease on behalf of Premier Business Centers for its first opening of executive office suites in Arizona, located at Camelback Commons, 4742 N. 24th St.
The company, which is headquartered in Irvine, CA, has signed a 10-year lease for 13,516 square feet on the third floor of the building. The company plans to open its executive suites facility beginning in March, 2015. The Premier Business Center will include 53 executive suite office spaces, 2 meeting rooms, a day office, a kitchen, and a reception area.
“We are excited to enter the Arizona marketplace and provide our services to the state's growing business community,” says Jeff Reinstein, CEO of Premier Business Centers. “This is the first of several locations we plan to open in dynamic business corridors within the city.”
“This particular building provides a great central location in the Camelback Corridor, which is very appealing to executives who operate small companies or are in an incubation phase of their businesses,” says Larry Downey, vice chairman of Cushman & Wakefield.
Premier Business Centers, LLC is one of the country's leading operators of executive suites and office centers. Offering more than 70 locations throughout the United States, Premier Business Centers provides professional work environments that can be rented by the hour, day, month or year.
Downey exclusively represented Premier Business Centers in the site selection search and lease negotiations. John Bonnell and Brett Abramson of Jones Lang LaSalle represented MS MCC Highland, LLC., owner of Camelback Commons.
PHOENIX—Marcus & Millichap announces the sale of Raising Cane's, a 3,848-square foot net-leased property located in Phoenix, according to Don Morrow, regional manager of the firm's Phoenix office. The asset sold for $3.6 million..
Jamie Medress and Mark Ruble, investment specialists in Marcus & Millichap's Phoenix office, had the exclusive listing to market the property on behalf of the seller, a developer.
Raising Cane's is located at 4506 E. Cactus Road in Phoenix, AZ.
PHOENIX—Daum Commercial Real Estate Services has negotiated the $870,000 sale of a 10,000-square-foot industrial building on 1.33 acres located at 832 W. 22nd St. in Tempe.
Rich Sica and Jay Krew with Daum Phoenix represented the seller. Eric Jones of Commercial Properties of Tempe represented the buyer in the transaction.
The buyer, Dana Pieterson of Honolulu has plans to lease the building and is seeking additional real estate opportunities in metro Phoenix.
The seller of the free-standing industrial building was CEG Properties of Phoenix.
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