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3/15/13
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In a recent Phoenix office lease comp, AAA Northern California, Nevada & Utah Insurance Exchange inked a 40-month deal for 41.8k sf in the Black Canyon Corporate Center. This latest transaction brings the Center’s total occupancy to 100%.
Black Canyon Corporate Center is a 218.7k sf office building purchased in September 2012 by Black Canyon CC LLC, a partnership between Parallel Capital Partners and Angelo, Gordon & Co. The building is located at 16404 N. Black Canyon Hwy, adjacent to I-17 and approximately two miles south of the Loop 101 Fwy. The Center holds an Energy Star designation from the U.S. Environmental Protection Agency, and is among the top 10% of office buildings in the nation in terms of its energy efficiency.
AAA Northern California, Nevada & Utah Insurance Exchange was represented in the negotiations by Wally Hale and Kevin Mechelke of Jones Lang LaSalle. John Bonnell and Brett Abramson of Jones Lang LaSalle repped Parallel Capital Partners, a private, fully-integrated real estate investment and operating company focused on acquiring value-added and core-plus opportunities for its own account in the western United States and Hawaii.
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