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| 9375 East Shea Boulevard, Scottsdale, AZ |
Phoenix, AZ (Dec.11, 2012) – The Voit Real Estate Services
Phoenix office has successfully directed the new ten-year, $5.9 million lease
of a 35,239 square-foot office building in Scottsdale, Ariz. on behalf of the
lessor, JPMCC 2007-CIBC19 Shea Boulevard.
LNR Property Corporation (LNR) acted as the lessor’s Trustee in the
transaction.
The lessee, Vision Offices Executive Suites, L.P., will
operate the property as executive suites, according to Troy Nelson a Vice
President in Voit’s Phoenix office.
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| Scott Nelson |
Troy Nelson and Scott Nelson worked with Tom
Richards and Darren Tappen of Voit’s Phoenix office to represent LNR in the
transaction.
“This transaction was a win-win for the landlord and
tenant,” says Troy Nelson. “Our team
was successful in identifying a quality tenant and securing a long-term lease
for LNR, while Vision Office Executive Suites will have the opportunity to take
advantage of the current activity in the market through its executive suite
operations.”
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| Troy Nelson |
Nelson notes that while the Phoenix market has always been
attractive to businesses of all sizes, activity among smaller tenants in
particular has increased in recent months.
“As the market continues to improve, we will see more
start-up companies emerge, fueling the need for executive suites,” he
says.
The lessee, Vision Offices Executive Suites, is a
Scottsdale-based company that offers flexible office space solutions, including
fully furnished executive suites, flex-tech suites and virtual office
packages. The property is located at 9375
East Shea Blvd. in Scottsdale, Ariz.
Contact:
Jenn Quader/ Judith Brower
Brower, Miller & Cole
(949) 955-7940
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