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PHOENIX-Oracle Corp., which creates and manages corporate mainframe computer systems, has leased 15,400 sf in the Biltmore Commerce Center, positioned at 3200 E. Camelback Rd.

The Camelback Corridor has the most sought after office space in the Valley, with lease rates in new class A buildings going as much as $30 per sf. The corner of 24th Street and Camelback Road is considered the focal point of the corridor, serving as a confluence for real estate, financial and brokerage firms. The section also hosts the Biltmore Fashion Park. A new office building sits on the southwest corner of Camelback’s intersection with 32nd St.

Teachers Insurance & Annuity Association of America is the owner of the Biltmore Commerce Center. The Phoenix office of Insignia/ESG, with Michael White and Mitch Chilton, represented Teachers in the transaction.

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