X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-As part of a relocation and expansion, the family law firm of Alcock & Associates has moved into 12,645 sf of class A office space subleased from the Capgemini Group. The attorneys picked up the remaining term of Capgemini’s lease in One Renaissance Square for $1.06 million.

“They came out of 411 N. Central Ave. when that building was acquired by the City of Phoenix for Arizona State University. The tenants needed to leave,” says Todd Noel, senior associate with Trammell Crow Co. local office. Noel along with TCC’s John Bonnell and Don Mudd brokered the deal on behalf of the New York City-based Capgemini.

Noel says the deal effectively doubles Alcock’s space from its previous location. He tells GlobeSt.com that the attorneys have assumed the balance of Capgemini’s lease, which expires in June 2010.

Space typically leases for $26 per sf in One Renaissance Square, owned by Denver-based Pauls Corp. Noel says the law firm negotiated some minor tenant improvements and got a rate in the high teens to low $20 per sf.

The 26-story One Renaissance at Two N. Central Ave. is a 489,157-sf structure with a 93% occupancy. Jerry Noble, Pat Devine and Greg Mayer, also with TCC in Phoenix, represented Alcock & Associates in the transaction.

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.