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| Luhrs City Center, 11-45 West Jefferson Street, Downtown Phoenix, AZ |
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| 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
focusAZ
Marketing & Public
Relations
(480) 600-0195
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