X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TEMPE, AZ-Four tenants, taking a combined 14,452-sf, have given green lights to office leases with an aggregate value of $825,000. The lucky office park is Agave Center, a five-building complex totaling 218,000 sf at Interstate 10 and Warner Road in Tempe.

TeKSci signed a 50-month lease in the 85,817-sf Agave Corporate Center, a two-story class A structure. Express Personnel also signed up for 1,711 sf for 63 months in the structure.

The three-building, garden-style Agave Executive Center gets the Neptune Society in a 3,662-sf lease, also for 63 months while HealthSouth took 3,971 sf for 60 months. The tenants picked spots in 18,965-sf buildings positioned on the rear of the site.

Blaine Black and Pat Devine, both of the Phoenix office of the Trammell Crow Co., represented the building owner, Riggs Bank. The two-year-old Agave complex has a third component, the 55,000-sf Agave Business Center.

Devine tells GlobeSt.com that his team has leased nearly 85,000 sf in the complex. The corporate center’s occupancy is 66% while the executive center is riding at 34%, he says. The business center has yet to land a tenant. Devine says the 85,000 sf of leased space represents 16 deals, with a good roster of credit-worthy tenants. “We have another 150,000 sf of strong prospects,” he says. “Market activity has picked up.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.