One of the nation’s largest providers of outpatient behavioral health care relocating office headquarters from Bellevue, WA
Cushman & Wakefield announced the firm has represented LifeStance Health in the company’s corporate headquarters relocation to Scottsdale, Arizona from Bellevue, Washington. The behavioral health care company signed a lease for approximately 20,000 square feet of space at the Portales Corporate Center in Scottsdale that is owned by Principal Real Estate Investors.
LifeStance Health will occupy half of the top floor in the six-story Class A building at 4800 N Scottsdale Rd, known as Portales Corporate Center I, which it plans to occupy in early summer. The company has an ability to lease and expand into the full sixth floor for a total of 40,000 sf of potential future occupancy.
Cushman & Wakefield’s veteran tenant rep team of Larry Downey, Vice Chairman and Brett Thompson, Director, in Phoenix represented LifeStance Health in the transaction. The team also partnered with the Arizona Commerce Authority (ACA), Greater Phoenix Economic Council (GPEC) and the City of Scottsdale’s Economic Development division to help secure incentives for LifeStance Health’s relocation to Arizona.
Larry Downey said, “We were excited to be able to represent LifeStance in their search for a corporate headquarters. Having a national healthcare provider of their caliber is a great addition to Arizona.”
Michael Lester, CEO of LifeStance Health, commented, “We’re excited to relocate our corporate headquarters to Scottsdale, which will enable us to tap into the city’s diverse talent pool as we build our corporate team to support the next phase of growth.”
LifeStance Health’s new headquarters location is part of a two-building campus that is prominently located at Scottsdale Rd and Chaparral at the gateway to Scottsdale. The property is proximate to Loop 101 (Pima Freeway) and other major freeways, downtown Scottsdale as well as features on-site and nearby amenities.
The team of Chris Walker, Mike Beall and Jeff Wentworth with Cushman & Wakefield’s Phoenix office represented the landlord in the transaction.