Calvary's five-year lease is valued at $1.7 million. It is taking a spot in 4050 E. Cotton Center's building two, one of eight that Koll developed in the high-profile project.Insignia/ESG's Adam Tolson, a Phoenix director, has been securing office space for Calvary Investments since its founding six years ago. He tells GlobeSt.com that he has watched the firm grow from its initial 800 sf and walked it through three expansions. Calvary Investments is a national firm specializing in the acquisition and collection of non-performing and sub-performing consumer receivables. Tyson Breinholt of Commercial Properties in Phoenix represented Koll at the bargaining table.
In another deal, Tolson signed Casa Center, a social services agency, for 13,000 sf at Bromar Plaza, positioned at 77 E. Thomas in Phoenix. The five-year deal for the Central Corridor building is valued at $750,000. The signing takes the 17-year-old, 40,000-sf Bromar Plaza to 95% occupancy.
Tolson represented the building owner, Program Realty of Scottsdale. Renee Ervanian of Great Western Realty in Phoenix handled talks for the tenant.
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