The business center occupies the fifth floor of the 289,564-sf 24th at Camelback at Camelback office building at 2375 E. Camelback Rd. in Phoenix. Floor plates go from 35,000 sf to 40,000 sf in the class A building, owned by Houston-based Hines.
The New York City-based Regus owns more than 410 centers in 240 cities in 50 countries. Bob Gaudreau, Regus' executive vice president, said in a prepared statement that the "alliance" with CBRE affords "an excellent opportunity to heighten awareness in the Phoenix market of the long-term benefits of outsourced space." Still, the center is situated in a submarket where vacancy is 23.8% and leases haven't been that easy to come by as brokers battle the office market downturn.
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