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LoanDepot Takes Long-Term Lease

PHOENIX—Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease extension and expansion at Pima Northgate, located at 14000 N. Pima Rd., for LoanDepot.com, a loan underwriting and mortgage banking company.

By Kristian Seemeyer | Updated on August 28, 2015

PHOENIX—Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease extension and expansion at Pima Northgate, located at 14000 N. Pima Rd., for LoanDepot.com, a loan underwriting and mortgage banking company.

The lease is for 49,787 square feet at Pima Northgate, a 140,000-suqare-foot office building in the bustling Scottsdale Airpark submarket. LoanDepot.com previously occupied 25,219 square feet on the second floor of the building. Over the past year, office net absorption in that submarket has topped 200,000 square feet, the second best in Metro Phoenix. The property is now 100% leased.

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