PHOENIX—Phoenix Children's Hospital has committed to a 27,265-square-foot office lease at Biltmore Commerce Center, a Class A Camelback Corridor office building that was purchased just months ago by office investment and management firm Lincoln Property Company and a fund managed by Oaktree Capital Management, L.P. The company will move into Biltmore Commerce Center next month, bringing the project to 96% occupied.

The is the first lease new deal signed by the building ownership, which purchased Biltmore Commerce Center as part of more than $165 million in Phoenix-area investment activity in the early months of 2015.

“PCH was looking for a location close to its main hospital that could provide office-specific space for its growing administrative and executive functions. With its location and efficiencies, Biltmore Commerce Center fit that bill precisely,” says Lincoln Property Company's vice president Amr Ceran. “We are very pleased to welcome PCH to our tenant mix, and look forward to putting this project's full advantages to work for them.”