PHOENIX-After a lengthy review of the market, EMCOR Group Inc.has decided to stay in its existing space at Koll CottonCenter.
The new five-year lease for 30,603 square feet of office spacewill save the firm 25% to 30% in occupancy costs, according toaccording to Todd Noel, a senior vice president with ColliersInternational. He and Keith Lambeth, also a senior vice presidentwith Colliers, represented the Fortune 500 company in leasenegotiations. The landlord, ING Real Estate, was represented byMike Goldwater of Commercial Properties Inc.
EMCOR Group, which provides mechanical and electricalconstruction and energy infrastructure services, uses the space asa call center. It has been a tenant at Cotton Center for 10 years,and its lease was set to expire later this year.
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