CBRE has completed a 5,000-square-foot office lease at 8950 N. Oracle Rd. in Oro Valley, AZ at the Pulte Homes’ Building. Capstone Mining Corp’s subsidiary, Pinto Valley Mining Corp., will open a new office to support the recently acquired Pinto Valley Mine.

Jeff Casper and David Montijo with CBRE’s Tucson office represented Vancouver, BC, Canada-based Capstone. The sublandlord, Cirrus Logic, Inc. of Austin, Texas, was represented by John Childers (Austin, Texas) and Keith Lammersen (Phoenix, AZ) with Jones Lang LaSalle.

“The addition of a company like Capstone Mining Corp., which has a global presence and brand, is a great acquisition for the Southern Arizona office market,” said CBRE’s Casper.

Capstone took occupancy of the 5,000-square-foot space on the second floor of 8950 N. Oracle Rd. in October.

Capstone Mining Corp. purchased the Pinto Valley mine and the associated San Manuel Railroad Company (SMARRCO) from BHP Copper Inc., in early October for $650 million. Pinto Valley is an open-pit copper mining operation located east of Phoenix in the Globe-Miami district of Arizona. SMARRCO owns and operates a 29.2-mile railway from San Manuel to Hayden, Ariz.

Casper and Montijo can be reached in CBRE’s Tucson office at (520) 323-5100. Lammersen is at (602) 282-6276 in Phoenix.

Matrix Absence Management’s U.S. headquarters will relocate into a 65,502-sqare-foot office at Desert Canyon 200 in Phoenix, Ariz. The three-story, class A office building located on Desert Canyon Campus will be the new home.

A subsidiary of the Tokio Marine Group, Matrix is a nationwide company that works with employers to provide customized management of disability, workers’ compensation and family leave programs. Matrix plans to relocate its current Phoenix operations from Lakeside Center at 11225 N. 28th Drive. The new location at Desert Canyon 200 will also operate as Matrix’s U.S. headquarters.

Previously occupied by American Express, the space will undergo a total renovation before Matrix takes occupancy in the spring of 2014. The company will occupy the entire second and third floors.

Located at 2421 W. Peoria Ave., a quarter mile from the I-17 freeway, Desert Canyon 200 is part of the three building Desert Canyon Campus. Originally developed by the Alter Group in 1999, each building at the campus was eventually sold off individually. The Alter Group continues to handle property management of Desert Canyon 200.

The property has convenient access to Metrocenter area amenities, including hotels and restaurants. It features fiber optics and offers a lush campus environment. The first floor, totaling 33,000-square-feet, is fully vacant and available for lease.

Jim Bayless, Ashley Brooks and Jenny Aust of CBRE’s Phoenix office represented the landlord, REEF Desert Canyon, LLC, in negotiating the lease agreement. The tenant, Matrix Absence Management of San Jose, Calif., was represented by Steve Corney of Jones Lang LaSalle’s Phoenix office. The exact terms of the transaction were not disclosed.

“This deal is a good indicator of the improving metro market and it’s a particularly good deal for the Metrocenter submarket,” said CBRE’s Bayless. “The increasing shortage of quality, large blocks of contiguous space mean that properties like this one will continue to be in high demand. Large users are going to find it increasingly difficult to find amenity-rich space to meet their needs and the market will eventually have to respond with new development.”

For more information, Bayless, Brooks and Aust can be reached in CBRE’s Phoenix office at (602) 735-5555.

Real Estate Daily News is sponsored by Stewart Title and Trust – The only title company named one of

“AMERICA’S MOST TRUSTWORTHY COMPANIES” in 2012 by Forbes®.

Contact Stewart Title & Trust of Tucson at (520) 327-7373 for your next closing.

CBRE has negotiated a 20,000-square-foot lease at Tempe Marketplace in Tempe, Arizona on behalf of DSW Designer Shoe Warehouse.

Todd Folger with CBRE’s Phoenix office negotiated on behalf of DSW. David Malin, director of acquisitions and development for Vestar, Inc. represented Tempe Marketplace.

“This transaction continues to show the overall improvement in the Phoenix economy and is a notable indicator of the renewed confidence in the metro Phoenix retail market,” said CBRE’s Folger. “As always, I am very pleased to assist a tremendous retailer like DSW in their continued expansion in Arizona.”

Developed by Vestar in 2007, Tempe Marketplace is a premier, interactive shopping, dining and entertainment destination located at southwest corner of the loop 101 and 202 freeways in Tempe. The project features 1.3 million square feet of retail space and, in addition to the new lease with DSW, is home to prominent national retailers including Target, Cost Plus World Market, Old Navy, JC Penny, GAP and Best Buy. It is also home to the first Arizona location for Dave & Busters.

DSW is a leading branded footwear and accessories retailer. The retail giant operates 393 stores across the U.S., including the District of Columbia and Puerto Rico. In addition to the new location at Tempe Marketplace, DSW’s other Valley locations include stores at Gateway Pavilions in Avondale, Arrowhead Crossing in Peoria, Scottsdale Fiesta in Scottsdale, Desert Ridge Marketplace in Phoenix, Chandler Village Center in Chandler and San Tan Village in Gilbert. DSW’s Tempe Marketplace location will open in the spring of 2014.

Folger can be reached at (602) 735-1749 andend_of_the_skype_highlighting Malin should be contacted at (602) 866-0900.

Real Estate Daily News is sponsored by Stewart Title and Trust – The only title company named one of

“AMERICA’S MOST TRUSTWORTHY COMPANIES” in 2012 by Forbes®.

Contact Stewart Title & Trust of Tucson at (520) 327-7373 for your next closing.