Cushman & Wakefield, a global leader in commercial real estate services, announced today that locally based Crown West Realty has leased 55,501 square feet to Avesis Inc. for the new tenant’s corporate headquarters at Corporate Center, located at 10400 N. 25th Ave.
Cushman & Wakefield Senior Directors Tim Whittemore and Mike Sayre represented Crown West Realty in the transaction. Todd Noel with Colliers represented Avesis.
Corporate Center, which totals 109,332 square feet in the growing Metrocenter submarket, is now 50% leased. Avesis is relocating its corporate headquarters and regional sales office from 3030 N. Central Ave. and 4451 E. Oak St. in October. Avesis is a national vision company that contracts with optometrists and ophthalmologists to provide members the freedom to choose from thousands of providers in a nationwide network.
“Avesis was attracted to Corporate Center as it allows the firm to consolidate three different leases including its corporate headquarters, regional sales office, customer service and several other departments not only in one building, but all on one floor,” said Mr. Whittemore, Senior Director with Cushman & Wakefield’s Office Properties group. “Corporate Center’s large floor plates at approximately 55,000 square feet provided the efficiencies to accommodate Avesis’ entire operation.”
In March 2014, the Phoenix City Council approved the North Mountain Redevelopment Area plan, which includes Metrocenter. The plan outlined strategies for land use, upgraded infrastructure and public transportation. It also included bringing private investment and development to create new jobs.
The successful merger of Cushman & Wakefield and DTZ closed September 1, 2015. The firm now operates under the iconic Cushman & Wakefield brand and has a new visual identity and logo that position the firm for the future and reflect its trusted global legacy and wider history. The new Cushman & Wakefield is led by Chairman & Chief Executive Officer Brett White and Global President Tod Lickerman. The company is majority owned by an investor group led by TPG, PAG, and OTPP.