PHOENIX-Phoenix Seminary has signed a long-term lease for 24,763 sf of class A office space in Arcadia Gateway Center. Administrators plan to have the site up and running for the fall semester.

The central location of Arcadia Gateway Center at 4222 E. Thomas Rd. helped to win the deal, says Blaine Black, senior vice president in Phoenix for Dallas-based Trammell Crow Co. The graduate school, which offers biblical study, theological training and practical ministry components, will move from 13402 Scottsdale Rd. in nearby Scottsdale.

With Phoenix Seminary’s lease, the 89,911-sf, four-story building is 85% leased. The quoted rent is $28 per sf. Built in 1999 by Koll Development Co., the building is now owned by Wellesley, MA-based Orsett Properties Ltd., which was represented by Thomas Johnston of Cushman & Wakefield of Arizona 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?


© 2023 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 © 2023 ALM Global, LLC. All Rights Reserved.