Renaissance Square, Downtown Phoenix, AZ
 |
| John Pierson |
PHOENIX, AZ– Bolstered by
new ownership and a $50 million renovation plan for Renaissance Square, the
Phoenix office of JLL has completed a 24,233-square-foot lease that will
relocate Cantor Law Group from its current offices at CityScape to new space at
the “Two Ren” building, located at
40 N. Central Ave., within the two-building Renaissance Square in the heart of
downtown Phoenix.
JLL Managing Director John Pierson, Vice President Trevor Pratt and Associate Jenna Borcherding represented Cantor
Law Group in its site selection and lease negotiations.
Bill Blake
of Lee & Associates represented the property owner, a venture between
Cypress Office Properties LLC and funds managed by Oaktree Capital Management
LP.
Renaissance Square totals
nearly 970,000 square feet in two, Class A office towers bounded by West Adams
Street, West Washington Street, Central Avenue and First Avenue.
“Plans to modernize and
renovate Renaissance Square were critical in Cantor’s decision to relocate,”
said Pierson. “The law firm’s new space will be designed in a way that improves
efficiency and functionality, and allows for the future growth of the firm –
without giving up the amenities of downtown Phoenix that help to attract and
retain top talent.”
JLL’s Project Development
and Services (PDS) Group will manage all tenant improvement consulting and
construction management for Cantor Law Group.
“We are very excited to
relocate to Two Ren,” said Cantor Law Group Owner, David Michael Cantor. “Our lawyers emphasize criminal law, family
law and personal injury as our primary practice areas. Most of our attorneys
are in court on a daily basis, and Two Ren is within walking distance of 140
courtrooms located in downtown Phoenix. It is a perfect location.”
 |
| Trevor Pratt |
“Securing Cantor Law Group
demonstrates the rebirth of Renaissance Square and our commitment to creating a
leading-edge business environment in the downtown Phoenix office market,” said
Cypress principal Ron Lack.
“The renovations now
underway, together with the addition of several on-site project amenities,
should be well received by the tenant community as we work to modernize and
stabilize this classic property.”
In April, Cypress and
Oaktree initiated a $10 million, Phase I renovation at Renaissance Square that
will include upgrades to building lobbies, elevators and restrooms, as well as
the construction of a new 7,000-square-foot multi-purpose conference facility
and Class A, move-in-ready office suites.
The Phase I improvements are part of a $50
million renovation to the LEED Gold Certified buildings that will differentiate
“One Ren” and “Two Ren” with amenities that appeal to high-tech and
contemporary, Class A office users.
This includes updates to the
21,000-square-foot on-site, full-service gym and the addition of new retail
amenities. It also includes converting two existing tennis courts located on
the site into a 15,000-square-foot outdoor tenant amenity that will include
meeting and collaboration areas, zen gardens, games, amphitheatre, and food/bar
catering facilities.
 |
| Jenna Borcherding |
Current tenants at
Renaissance Square include Quarles & Brady, Jones, Skelton & Hochuli,
Bryan Cave, Gammage & Burnham, Ernst & Young, Gabriel Partners and the
U.S. Attorney General. Last month, San Francisco-based financial tech firm Upgrade
Inc. also committed to a 38,000-square-foot lease spanning two full floors at
the “One Ren” building.
Cantor Law Group will
relocate to Renaissance Square in May 2018.
For a
complete copy of the company’s news release, please contact:
Stacey Hershauer
focusAZ
Marketing & Public
Relations
(480) 600-0195
