HINES RENEWS 11,967 SF LEASE FOR GPEC AT RENAISSANCE SQUARE

Hines, the international real estate firm, announced it has renewed a long-term 11,976-square-foot lease for the Greater Phoenix Economic Council (GPEC) at Renaissance Square in Phoenix.

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GPEC, which has been in Renaissance Square since its inception, will continue occupying its space on the 25th floor. The organization renewed an 8-year lease and is updating the office into a more modern and collaborative space.

Hines acquired Renaissance Square in 2008. The two-building office complex in downtown Phoenix is bounded by Adams, Central and Washington streets and 1st Avenue, and has 968,790 combined square feet.

“Hines is thrilled to retain GPEC, a long-standing tenant that makes a significant impact in the community,” said Steve Hamel, Hines’ general property manager of Renaissance Square.

“The location of One Renaissance Square provides a centrally located office space for the various stakeholders from the private and public sector around the region to participate in the work that GPEC is undertaking, a factor that was incredibly important in the selection process,” said Chris Camacho, president & CEO of the Greater Phoenix Economic Council.

Pat Devine with Cushman & Wakefield represented the landlord. Andrew Cheney with Lee & Associates represented GPEC.

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