Occidental Fire & Casualty has signed a 7-year lease for 18,100 SF at Canyon Village, Building B, 18867 N. Thompson Peak Pkwy. in Scottsdale. Occidental Fire & Casualty Co. is a national insurance company based in Charlotte, NC and is a subsidiary of IAT Reinsurance Company, Ltd. of Rolling Meadows, Ill. The new lease offers IAT an upgraded facility opportunity to grow compared with their previous space.
Occidental specializes in providing personal automobile insurance to customers through a variety of networks. Mike McQuaid and Chris Krewson, principals with Lee & Associates represented IAT in the transaction. McQuaid has represented IAT for over 15 years in the Phoenix market. Brad Anderson, Mike Strittmatter and Bryan Taute of CBRE represented the lessor DMB Associates.
Developed and owned by DMB, The Canyon Village property is comprised of four buildings situated on 5.6 AC on the NEC of Union Hills Dr & Thompson Peak Pkwy. The property features mixed-use amenities such as retail and restaurants and an adjacent park. Building B features 29,139 SF and was built in 2008.