The firm has added 2,000 sf for a total of 6,000 sf. "This will enable them to accommodate their growth strategy out of one consolidated office," says Michael White, senior managing director in the Phoenix office of Insignia/ESG and broker on the deal. The company also operates golf schools in Chandler, AZ, San Diego, Orlando, FL and Myrtle Beach, SC.
The Scottsdale Centre is a five-building, 166,178-sf office complex owned by Chicago-based REIT, CMD Realty Investors. The 72%-occupied building was constructed in 1985. It is bringing an average rent of $24 per sf annually.
Building owner and tenant were represented by an Insignia/ESG team. In addition to White, director Mitch Chilton and associate brokers Chris Jantz and Scott Isacksen helped broker the long-term lease.
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