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| BMO Tower at Central Arts Plaza, 1850 North Central Avenue Phoenix, AZ |
PHOENIX, AZ – Phoenix’s
Midtown office market remains a prime location for corporate tenants to grow
and thrive at affordable rents, according to the Phoenix office of JLL and a
recent 19,380-square-foot lease renewal and expansion completed at Central Arts
Plaza on behalf of tax accountant and CPA firm Eide Bailly, LLP.
Eide Bailly has occupied a
full floor at the BMO Tower at Central Arts Plaza for more than a decade.
With
this renewal, they recommit to their Midtown presence, with plans to renovate
their office space to accommodate growth and better serve clients across the
region. The Phoenix office is one of 29 Eide Bailly locations serving more than
54,000 clients across the U.S.
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| John Pierson |
JLL Managing Director John Pierson and Associate Trevor Pratt represented Eide Bailly in
the lease transaction. The building owner, McCarthy Cook & Co., represented
itself in the negotiations.
“Eide Bailly originally
chose this building for its proximity to downtown Phoenix, its adjacency to the
metro freeway system, its rental economics and its professional image.
"After 10
years, the project still delivers these same advantages, along with a growing
list of cultural and corporate amenities in Midtown,” said Pierson. “It is a
great place for Eide Bailly to stay, and continue to grow, as it serves its
clients.”
According to JLL’s 2016
Skyline report, Midtown Phoenix offers an attractive central location option
for corporate tenants, and will remain so as rents in downtown Phoenix continue
to rise – now sitting at an average $23.75 per-square-foot for Skyline space
and an average $28.29 per-square-foot for trophy Skyline space.
Formerly known as Viad
Corporate Center, BMO Tower at Central Arts Plaza is located at 1850 N. Central
Ave. in Phoenix. It totals approximately 500,000 square feet of Class A space
in 24 stories, making it Phoenix’s fifth tallest office building.
Amenities at
the project include an on-site café, outdoor lounge, fitness center, conference
center, performing arts theatre and two-acre park amenity. Notable tenants in
the tower include BMO Bank, Cavanaugh Law, Cramer-Krasselt, PWC and Stinson
Leonard Street Law Firm.
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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