Fountain Square Lands 10,757-SF State Office

PHOENIX-The Arizona Department of Economic Security will be opening a new office in 10,757 sf of inline space at the 120,650-sf Fountain Square shopping center in North Phoenix. The five-year lease is valued at nearly $780,000.

Cliff Johnston, associate director for Insignia/ESG in Phoenix, negotiated the long-term lease on the tenant’s behalf. The new DES office will cater to families in North Phoenix. The staff provides intake and ongoing assistance to families in need of cash programs, Medicaid and nutritional services.

Fountain Square is located at 350 E. Bell Rd. near its intersection with 7th Street. American Continental developed the center in 1986. In 1998, then owner SKS sold it to Los Angeles-based Westwood Financial Corp. for about $15.8 million. A Safeway supermarket anchors the neighborhood center, which has been a long-standing leader in its trade area.