PHOENIX—Zenefits has signed a 135,000 square foot 10-year new lease at the Hayden Ferry III development in Tempe that commences on November 1, 2015. With the execution of this new lease, Parkway Properties, Inc.'s Hayden Ferry III development is now approximately 92% pre-leased, compared to 28% pre-leased as of April 1, 2015.

Matt Coxhead and Ryan Bartos of Savills Studley's Phoenix office represented the growing startup in their lease negotiation. Jon Dishotsky of Custom Spaces represents Zenefits globally. Zenefits is a free, cloud HR automation platform that makes it easy to manage a business and its employees by automating all of the associated HR administrative work: compliance, on-boarding, payroll updates, health insurance, and other employee benefits.

Bartos tells GlobeSt.com, “Zenefits had the opportunity to be in the hottest tech market in all of Phoenix with access to an unbelievable employee base and educated work force being five minutes from ASU. They also wanted that urban environment with 24/7 amenities for their employees.