HINES COMPLETES LEASE FOR SCRAMBLE AT 24TH AT CAMELBACK

Hines, the international real estate firm, has recently completed a long-term 3,666-square-foot lease for Scramble – A Breakfast and Lunch Joint, the popular fast casual breakfast experience known for using local farmers and vendors, at 24th at Camelback.

Scramble – A Breakfast and Lunch Joint is slated to open in December of this year at 2375 E. Camelback Road and will be located on the ground floor with visibility on the southwest corner. Hines is developer, owner and property manager of the 302,209-square-foot, eight-story building.

“Scramble – A Breakfast and Lunch Joint will help diversify our current tenant base, offering a gathering place for a breakfast or lunch meeting, or weekend get together that our building users and neighbors will enjoy,” said Michelle Brown, general property manager with Hines.

Scramble – A Breakfast and Lunch Joint will have a spacious, dog-friendly patio, LED TVs, free Wi-Fi and charging stations. The restaurant will be open Monday to Sunday from 6 a.m. to 2 p.m.

“The energy and lifestyle surrounding our new location at 24th at Camelback is perfectly aligned with Scramble – A Breakfast and Lunch Joint’s brand,” said Clay Moizo, Scramble – A Breakfast and Lunch Joint’s co-owner. “Not only will we be situated on the southwest corner of one of the busiest intersections statewide, but the demographics in that area with all of the recent revitalization, including all of the high-end condominium complexes, make it an ideal location for our quick casual concept.”

This is Scramble – A Breakfast and Lunch Joint’s second Phoenix location. The restaurant also has a location in Scottsdale.

24th at Camelback’s major tenants include AAA Arizona, Cisco Systems, Greenberg Traurig and Regus Business Centre.

Stan Sanchez with Colliers International represented Hines in the transaction. Chris Osborn with Western Retail Advisors represented Scramble – A Breakfast and Lunch Joint.

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 189 cities in 20 countries. Hines has approximately $96.5 billion of assets under management, including $48.5 billion for which Hines provides fiduciary investment management services, and $48 billion for which Hines provides third-party property-level services. The firm has 114 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,206 properties, totaling over 390 million square feet. The firm’s current property and asset management portfolio includes 533 properties, representing over 213 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.

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