Owner Orsett Properties Ltd. of Phoenix is quoting about $15 persf, net, and offering a tenant-improvement allowance for the flexspace. Redflex plans to relocate in September to the building atthe corner of Pinnacle Peak Road and 23rd Avenue, according to BradAnderson, senior vice president in Phoenix for CB RichardEllis.


Redflex provides digital traffic signal and speed enforcementproducts and services in 20 states. Anderson says it will relocatefrom 15020 N. 74th St. in Scottsdale because of a dire need toexpand. "This lease almost triples their size from their currentfacility," says Anderson, who teamed with CBRE vice president BryanTaute to represent the tenant. Tim Whittemore of Cushman &Wakefield of Arizona Inc. handled talks for Orsett Properties.


Anderson tells GlobeSt.com that Redflex's relocation searchbegan about 18 months ago, with the company's executive teamlooking at possible sites in Tempe, Scottsdale and North Phoenix.Ultimately, he says Pinnacle Peak Commerce Center's location wasthe deciding factor.


"Redflex has 300 employees that will be impacted by this newlocation," Anderson explains. "The demographic area of thislocation is user-friendly for employees and close to the majorityof future employment." He adds that the flex building's shellcondition also was a draw for Redflex. "It's tough to find that inScottsdale," he says.

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