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4/21/16
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Towers Watson, a global healthcare consulting firm, is expanding into the Phoenix market with the lease of a new, 91k sf facility in the prestigious Papago Park Center in Tempe. The property, located at 1144 West Washington St, comprises a two-story office building with 40.3k sf floor plates and a free-standing 10.5k sf data center.
Originally developed by SunState Builders for DHL, the property has been empty since last October when the global logistics’ company vacated for larger space. Towers Watson expects the new facility will accommodate over 600 seats, netting new jobs to the metro area. The company has 39,000 employees in over 120 countries. Occupancy of the space is expected July 1, 2016.
NGKF’s Mike Garlick represented the property owner, Phoenix Investors # 23 LLC (managed by Greenwood & McKenzie), in the transaction. Terms of the deal were not disclosed.
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