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TEXAS/SOUTHWEST NEWS
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Phoenix Office Complex Sees Trio of Recent Lease Signings

4/19/16

There have been three recent leases totaling 20.7k sf at Anchor Centre, a two-building, Class A office complex located in Phoenix’s Camelback Corridor. The asset is owned by Newport Beach-based KBS Real Estate Investment Trust III.

In one of these latest deals, Black & Veatch Corporation, a global engineering, consulting, construction and operations company, signed a lease for 12.6k sf. In addition, software company Allen Systems Group signed a 4.8k sf lease, and LP Insurances Service signed a lease for 3.3k sf.

Anchor Centre is located on East Camelback Rd, within walking distance to a variety of nationally recognized retailers, hotels and more than 30 different restaurants. Featuring a below-ground parking structure linking the two buildings and visitor parking with direct access to Camelback Rd, the property provides tenants and their guests with safe and reliable parking in this busy city center. The complex also features The Gladly, a 5k sf restaurant and bar offering private dining for up to 60 guests and City Market Deli, a full-service delicatessen with Starbucks coffee.

Built in 1984, Anchor Centre underwent an extensive renovation in 2012. The renovations added a new outdoor common area with a central water feature and shaded seating that hosts gourmet food trucks and pop-up boutiques on select Tuesdays every month.

Other amenities at Anchor Centre include a conference and training room accommodating table space for 40 people that has a projector screen for presentations. Additionally, a 2.6k sf fitness center with cardio, strength-training machines, free weights, satellite television and personal training is also located inside the office complex.

Mike Beall, Chris Walker, and Sean Spellman of Cushman & Wakefield represented KBS in the transactions. Tiffany Winne and Russell Fine of Savills Studley represented Black & Veatch Corporation, while Tracy Altemus of Ensemble Real Estate Solutions repped LP Insurances Service Inc in their respective deals.






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