The five-year lease agreement is valued at $2 million over thecontract term. In December, North American Title will relocate from3003 N. Central Ave. in Phoenix.
Biltmore Commerce Center is situated at 3200 E. Camelback Rd.The corridor's office space commands between $25 per sf and $30 persf. And, the center's location at intersection of 24th Street andCamelback Road is considered by many to be the focal point for manyValley professional services as well as home to several financialbrokerage firms, accounting firms and commercial real estatebrokerage houses.
The Phoenix office of CB Richard Ellis, with brokers Mark Sealeand Jennifer Bishop, represented the building owner, TeachersInsurance & Annuity Association of New York City. StephanieHickok of Grubb & Ellis Co.'s Phoenix office acted for thetenant.
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