Property Management Firm Takes Entire Floor & Bryan Cave Renews

PHOENIX, AZ – Avenue5 Residential recently signed a long-term office lease for the entire 2nd floor at Anchor Centre West, 2201 E. Camelback Road, Phoenix.

Avenue5 Residential is a Multifamily Property Management Firm Takes Entire Floor at Anchor Centre West recently signed a long-term office lease for the entire 2nd floor at Anchor Centre West.

Adam Tolson, Principal with Lee & Associates secured the tenant, Avenue5, who will take possession of the 17,974 SF, turn-key space early in 2016. Chris Walker, Michael Beall and Sean Spellman with Cushman & Wakefield represented the landlord, KBS III Anchor Centre, LLC.

Anchor Centre consists of three multi-tenant office buildings in a prime location on the Camelback Corridor in East Central Phoenix. Anchor Centre West is a 6-story, 198,493-square-feet, Class A office building.

In 2012, a project to enhance the frontage and include parking along Camelback Rd. was instituted. The property is adjacent to premier shopping and entertainment venues and is close to the SR-51 freeway.

For more information contact Tolson at 602.954.3771.

In a separate transaction, Bryan Cave renewed its lease at Renaissance Square.

Hines, the international real estate firm, today announced it has renewed Bryan Cave’s long-term 38,878-square-foot lease and signed a new 6,244-square-foot lease for Berkeley Research Group, LLC at Renaissance Square.

Bryan Cave, a law firm with more than 135 employees, has been located at Renaissance Square for 17 years.

“We are pleased to renew our lease at Renaissance Square and continue to take advantage of the close proximity to the courts and government and business centers. Bryan Cave is committed to supporting business in downtown Phoenix and serving our clients in Arizona and globally,” said Jay Zweig, office managing partner.

Berkeley Research Group (BRG) moved to Renaissance Square from a location north of Camelback Road on Central Avenue. The global strategic advisory and expert consulting firm has about 15 employees in its Phoenix office and more than 850 employees worldwide.

“As BRG continues its global expansion, with offices located in key markets throughout the world, we are delighted to have our Phoenix professionals based at Renaissance Square,” said Sebastien Belanger, BRG’s vice president of operations.

Both tenants are located at One Renaissance Square, a property owned by Hines.

“Renaissance Square’s downtown location, access to decision makers and proximity to mass transit make it a highly desirable destination for businesses,” said Steve Hamel, Hines’ general property manager.