Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TEMPE AZ-University of Phoenix made an encore appearance, taking 111,349 square feet at Tempe One, it vacated less than two years ago. The educational institution signed a 69-month lease with building owner Greenstreet Real Estate Partners LP, and plans to move into the back office space this month.

“They were the last tenant in the space; they moved out in February 2008,” explains owner representative Corey Hawley with CB Richard Ellis’ Phoenix office. He tells GlobeSt.com that when University of Phoenix needed space for a different use, it opted to take the entire building leased previously in the two-building complex at 1616 W. 17th St.

Hawley, who partnered with CBRE Jim Fijan and Jerry Roberts on behalf of the Coconut Grove, FL-based Greenstreet, says University of Phoenix will use the space for a call center. Rick Lee with Lee & Associates Commercial Real Estate in Phoenix provided tenant representation.

Both buildings were constructed in 1979 and have undergone renovation including landscaping, a new parking lot and some repainting. The quoted lease rate is $14 per square foot, triple net.

Hawley tells GlobeSt.com other building is 70% leased to IKON Office Solutions, and there are 30,600 square feet remaining. “There’s been some activity in the back office arena, for call center type of space, and we’ve been showing this to a lot of tenants,” he adds. “We’re optimistic we’ll have it leased up.”

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?


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.