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SCOTTSDALE, AZ-Three new tenants have inked deals totaling 10,862 sf in the class A, 211,526-sf Scottsdale Forum, taking occupancy to 89%.

Kevin Brands, asset manager and senior vice president for Chicago-based CMD Realty Investors, three additional deals, if closed, will push Scottsdale Forum above the 90% mark. The latest leasing rally adds United Financial Services Group, Joseph Scott Properties and Webster Bank to the directory at 6263 N. Scottsdale Rd.

United Financial Services Group LLC, represented by Shawn Greenway of Grubb & Ellis/BRE commercial in Phoenix, signed 3,604-sf lease. Peggy Johnson at NAI Horizon’s Phoenix office represented Joseph Scott Properties in its deal of 3,649 sf and Webster Bank had Andrew Cheney from Lee & Associates Arizona in Phoenix negotiating a pact for 3,609 sf. All have five-year terms. Scottsdale Forum’s quoted rate is $24 per sf to $25 per sf.

The office spaces have been dark about six months, but required little renovation before move-in, Brands tells GlobeSt.com. Scottsdale Forum underwent extensive renovations when CMD acquired the property four years ago. At the time, occupancy was 60%. “We put several million dollars into improving the property,” he says, adding a couple of the changes included lighted signs on the buildings and additional parking.

When renovations were completed 18 months ago, interest in the property began and hasn’t stopped since. “Typically, during the summer, things slow down. That hasn’t happened here,” Brands says. “We’ve been on a steady growth since the first of the year.”

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