PHOENIX, Arizona – Lee & Associates announced today that the brokerage firm coordinated the 3,900-square-foot renewal, relocation and expansion for lessee, Piper Jaffray, at Camelback Esplanade. The company previously leased 3,350-square-feet in the same building for 23 years.
Lee & Associates’ Jim Watkins represented Piper Jaffray, a Minneapolis-based investment bank and asset management firm. Pat Boyle of CBRE represented the landlord, LBA Realty of California. It is a five-year lease.
According to Watkins, Piper Jaffray needed larger premises to handle anticipated growth while at the same time remodeling their offices. For more information, visit www.leearizona.com.