PHOENIX-AZ Prime One Mortgage Corp. has relocated and expanded in 39,327 sf of flex office space at Mohawk Business Center, putting a 7.5-year lease into the coffer for property owner Panattoni Development Co. The lease for 10601 N. 19th Ave. is valued at $2.9 million over the term.

“This is a fairly significant expansion for AZ Prime One Mortgage,” says Charles Daggett, managing director for Dallas-based Mohr Partners Inc. “It’s a function of all the home-buying and refinancing that is going on here.” He, Dina Boscardin and Jason Malcolm, also with Mohr Partners, represented AZ Prime One.

AZ Prime One Mortgage is relocating from 10,000 sf at 10625 N. 25th Ave. in the Black Canyon submarket near Interstate 17. Daggett tells that AZ Prime One Mortgage was looking for better access to its clients. The five-year-old building is located in the Deer Valley submarket, with access to Loop 101.

AZ Prime One Mortgage will be the lead tenant in the 57,000-sf building, which is now 88% leased. Sacramento-based Panattoni was represented by Ashley Brooks of CB Richard Ellis Inc.

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.