Phoenix & Southwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Companies Signal Confidence in Camelback Corridor
Some 100,033 square feet in leases were inked in the Camelback Corridor in first and second quarter 2021 as office activity ramps up throughout the Greater Phoenix area. Newmark’s Tom Adelson, Mike McQuaid, Chris Krewson and Erin McClure represented the tenants in the three transactions.
Edelman Financial Engines signed an extension and expansion at Elevate 24 located at 4722 and 4742 N. 24th St. in Phoenix, bringing its total occupancy to roughly 50,000 square feet. This transaction marks the largest lease signed in Camelback since 2018.
Greenberg Traurig signed a 12-year lease renewal for more than 38,000 square feet of office space at 24th at Camelback II located at 2375 E. Camelback Rd. in Phoenix.
“Greenberg Traurig could have gone anywhere in metropolitan Phoenix. They made a major statement by choosing to stay in the Camelback Corridor,” said McQuaid.
Vestar moved its longtime corporate headquarters from Esplanade I located at 2425 E. Camelback Rd. to the first floor at Esplanade III located at 2415 E. Camelback Rd. in Phoenix, signing a 12,033-square-foot lease.
- ◦Lease
