PHOENIX, ARIZONA (Sept. 11, 2023) – NAI Horizon represented the tenant, a community bank, in a long-term sublease of office space at Scottsdale Centre in Scottsdale, Arizona.
NAI Horizon First Vice President Joan Krueger represented Republic Bank of Arizona in the $319,345 sublease of Suite 195 at 7373 N. Scottsdale Road. The community bank is taking 3,545 SF.
Scottsdale Centre, a highly-visible office/medical property along Scottsdale Road, is located at the center of Scottsdale and features new common areas, lobbies, and restrooms. The building is also in proximity to casual cafes and high-end restaurants.
“It was a pleasure to assist Republic Bank of Arizona in taking advantage of today’s growing sublease opportunities,” Krueger said. “The Metro Phoenix office market continues to experience record-high sublease availability. The timing was just right and this is a beautiful location for this outstanding community bank.”
According to market research, the available sublease office space in the Metro Phoenix market this summer hit an all-time high of 7.5 MSF.
The two-story office building totals 163,311 SF. It was built in 1984 and renovated in 2019. It features 140 surface parking spaces and 584 covered parking spaces.
Chris Jantz with Kidder Mathews represented the sublessor, First Citizens Bank & Trust Company of Raleigh, North Carolina.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information, visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa, and Asia Pacific, with 5,100 local market professionals managing over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and gross revenue of $1.5 billion.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration, and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain, logistics consulting, and related advisory services.
To learn more, visit www.naiglobal.com.
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