PHOENIX—Savills Studley represented utility software company iFactor with its long-term lease agreement at the new Hayden Ferry 3 development under construction in Tempe.
Ryan Bartos and Matthew Coxhead of Savills Studley's Phoenix office negotiated the transaction on behalf of iFactor; Bryan Taute of CBRE represented the landlord, Parkway Properties, Inc.
iFactor signed a lease for 17,000 square feet to accommodate future growth. The new space is located on the fifth floor of the building and will create an open floor plan to encourage collaboration. The firm has grown over 38% in 2015 and expects to grow an additional 45% within the next two years.
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