Menlo Equities owns One Compass Heart since 2018. Picture courtesy of JLL
Peckham Inc. has signed a 136,194-square-foot workplace lease to completely occupy One Compass Heart, a Class A workplace property in Phoenix. JLL assisted the tenant in signing the metro’s largest workplace lease up to now this 12 months. Cushman & Wakefield represented the owner, Menlo Equities, which owns the property since 2018, in response to CommercialEdge.
The nonprofit vocational rehabilitation group tenant will set up a contact middle with 1,000 jobs designed for individuals with numerous psychological, emotional, bodily or studying disabilities.
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One Compass Heart is a four-story workplace constructing at 3150 S. forty eighth St. that options 34,651-square-foot flooring plates, three passenger elevators, managed entry and 735 lined automobile parking spots, in response to the identical supply. Moreover, the property features a two-story glass entrance, an atrium foyer and outside areas.
The roughly 10-acre website is throughout the Rayburn Acres neighborhood, near Interstate 10 and to U.S. Route 143. The property is 2 miles from Phoenix Sky Harbor Worldwide Airport, 8 miles from downtown Phoenix, 17 miles from Glendale, Ariz. And inside 30 miles of Phoenix-Mesa Gateway Airport.
JLL’s staff of Vice President Kyle Seeger, Government Vice President Jami Savage-Grey and Senior Managing Director Ryan Bartos negotiated on behalf of Peckham, Inc. Cushman & Wakefield’s Managing Director Pat Boyle represented the tenant.
Giant Phoenix leases in 2023
CommercialEdge information exhibits that one of many largest workplace offers inked within the first half of 2023 throughout the Phoenix metro contains Vanguard Group’s dedication in Scottsdale. The corporate signed a 133,634-square-foot growth at Northsight Company Heart, a 141-534-square-foot workplace constructing within the Scottsdale Airport submarket. The Class A property is owned by CIM Group.
One other notable workplace deal this 12 months was Kimley-Horn’s 78,482-square-foot dedication in Camelback Arboleda, Fenway Capital Advisors’ 178,792-square-foot constructing in Phoenix.
