X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TUCSON-Metropolitan Life Insurance has renewed a lease on 2,750 sf of office space in the Oracle at the River where the insurance firm has had its offices for the past 10 years.

“They’ve been happy with the landlord and everyone knows where they’re located,” Tyler Smith, with Grubb & Ellis/BRE Commercial, tells GlobeSt.com of the firm’s decision to remain at its present location near Oracle and River Roads in Tucson.

The two-story, garden-style office building, located at 4732 N. Oracle Road, is almost fully leased to smaller business tenants, said Smith, who negotiated the lease on behalf of the building owner, Oracle Office Park Associates LLC. Metropolitan Life, which will pay about $20 per sf for a total of $330,000 over the five-year term, was self-represented in the negotiations.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • 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 © 2020 ALM Media Properties, LLC. All Rights Reserved.