Monday, December 14, 2015

Lincoln Property Co., Invesco Buy Phoenix’s Historic Luhrs City Center

Luhrs City Center, 11-45 West Jefferson Street, Downtown Phoenix, AZ

David Krumwiede
PHOENIX, AZ – Lincoln Property Company (LPC) and Invesco Ltd. have purchased the historic Luhrs City Center in downtown Phoenix.

 The joint venture will next initiate a multi-million-dollar renovation that will evolve the landmark into a mixed-use blend of creative office space, ground floor restaurants and retail – part of a downtown resurgence that includes an active office market, thriving restaurants, sports venues and the early-2017 delivery of a directly adjacent, 19-story Marriott Residence Inn and Courtyard hotel tower.

Located at 11-45 W. Jefferson St. between Madison, Jefferson, First Street and First Avenue, Luhrs City Center includes two towers with 140,500 square feet of creative office space and a promenade with approximately 18,500 square feet of ground-floor retail space.

“When you think of iconic downtown Phoenix buildings, you think of Luhrs,” said Lincoln Property Company’s Executive Vice President David Krumwiede.

“They call the project ‘historically modern’ because it has a combination of deep roots and modern staying power. This makes it very relevant in today’s creative office market and a great site to enhance with dining and shopping – amenities that will raise Luhrs to its highest and best use in the downtown market.”

For a complete copy of the company’s news release, please contact:

Stacey Hershauer
Marketing & Public Relations
(480) 600-0195

No comments: