PHOENIX, Arizona – Arizona State Retirement System (AZRS), which has provided retirement security to Arizona’s public servants for more than 50 years, has awarded Greg Mayer, Keith Lambeth, Jerry Noble and Patrick Schrimsher of Cushman & Wakefield the leasing assignment for 3300 N. Central Avenue in Phoenix.
“We are very excited to enter into the relationship with AZRS and look forward to handling the office leasing for them,” said Mayer.
3300 N. Central Avenue is a 363,655-square-foot office building situated within the Midtown submarket. Built in 1980, the property recently underwent major exterior renovations including new common areas and covered seating for the tenants. The 26-story building features a fitness center, new café, business lounge, an onsite restaurant and espresso bar, professional onsite property management, major signage opportunities, and views of Camelback Mountain, Downtown, Midtown, Piestewa Peak and Tempe.
“The recent and planned renovations will help drive leasing activity,” added Mayer.
The Midtown submarket, with about 13 million-square-feet, has one of the biggest office inventories in Phoenix. Several of Metro Phoenix’s biggest trades in 2018 have been here, including one for Midtown's most iconic buildings. The submarket has been fairly liquid in the past couple of years, and plenty of investors are coming from outside of Arizona.