Quick Take for Investors:
- 📍 Location: 2111 E Highland Ave, Camelback Corridor, Phoenix
- 💸 Investment: $10M in renovations by Holualoa Companies + Plaza Companies
- 🏢 Size: Two buildings, totaling 209,000+ SF
- 🚧 What’s New:
- 8 new spec suites (5 already leased)
- Renovated outdoor space around a 2.5-acre lake
- Lakeside boardwalk, ramada with grill/dining areas, putting green, pingpong table
- 📈 Occupancy:
- Current: 75%
- Committed (leased but not yet occupied): 82%
- 👀 Notable Tenants:
- Strategic Mission Critical expanding to 18,000 SF
- Law firm Withey Morris Baugh PLC moving into renovated restaurant space
Why It Matters:
- Enhances Class A office appeal amid a competitive leasing market
- Blends lifestyle and work—an edge for tenant attraction/retention
- Stronger demand could spill over into surrounding commercial and residential markets