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April 24, 2024
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Discover Financial Services Inks Expansion/Extension Lease for 47k sf in Phoenix


Discover Financial Services inked an expansion/extension lease for a total of 47k sf of office space at The Grove at Black Canyon, a Class A office building owned by Drawbridge Realty in Phoenix. The Grove at Black Canyon is a 95.2k sf, four-story, institutional-quality office building located at 11001 N. Black Canyon Hwy in the cityís Metrocenter submarket.

Drawbridge first signed Discover to a short-term lease for 32k sf at the property in 2022. The amended lease and 15k sf expansion executed late last month brings Discoverís total presence in the building to two full floors and leased through February of 2029.

The Grove at Black Canyon was formerly fully occupied by Mass Mutual Insurance. The building was originally constructed in 1986 and renovated in 2009 and 2013. Drawbridge acquired the building in December 2015 and recently completed renovations of the four-story atrium-style lobby, fitness center, and employee grab-n-go food areas.

The building is currently being marketed by Ashley Brooks and Sean Spellman at CBRE.

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