CBRE Negotiates 29K SF Lease in Camelback Corridor
02 Jan 2018
CBRE announced the execution of a 28,828-square-foot lease at 2375 E. Camelback Rd. in Phoenix. Chicago-based RSM US, a leading U.S. provider of audit, tax and consulting services, will occupy the space at 24th at Camelback I beginning in 2018.
Bryan Taute and Tim Watters with CBRE’s Phoenix office represented the landlord, Hines, an international real estate investment, development and management firm. Rick Schuham and Tom Johnston with Savills Studley represented the tenant in the transaction.
“24th at Camelback I is located along Phoenix’s prestigious Camelback Corridor and offers tenants exceptional visibility, building design and access to nearby amenities, which ultimately helped attract RSM to this high-profile location,” said CBRE’s Taute.
Built in 2000, 24th at Camelback I is an eight-story, Class A office building totaling 302,209 square feet. The LEED Platinum-certified building is currently owned and managed by Hines. On-site amenities include a fitness center, conference center and Scramble, a breakfast and lunch eatery.
“We are pleased to welcome RSM US to our impressive tenant roster here at 24th and Camelback,” said Michelle Brown, general property manager. “Following our recent renovations, this campus continues to set the standard for office properties in the area.”
The property is near one of Phoenix’s busiest and most walkable intersections with proximity to premier dining and retail destinations including Biltmore Fashion Park and The Esplanade.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.