Lucid Private Offices to Open 1st Coworking Space in Phoenix

Hines and Invesco Real Estate inked the full-floor lease with the flex office tenant.

24th At Camelback II. Image courtesy of Cushman & Wakefield

24th At Camelback II. Image courtesy of Cushman & Wakefield

Texas-based flex office provider Lucid Private Offices has signed a 26,910-square-foot lease at 24th At Camelback II, a Class A office building in Phoenix. A partnership between Hines and Invesco Real Estate is the developer and owner of the 306,877-square-foot property. The new space marks the tenant’s expansion to Arizona, with planned opening in March 2024.

The full-floor location will include more than 100 private offices, with spaces suitable for teams of 10 people or more, collaborative coworking areas, a meeting and board games room, as well as a common-area kitchen and outdoor working spaces.

READ ALSO: As Hybrid Work Expands, Coworking Is No Longer the Exception

Cresa’s Principal John Pelletier and Vice President Austin Studebake, assisted by Locate’s Managing Principal Jim Sadler, negotiated on behalf of the tenant. The landlord was represented in-house, with the assistance of Cushman & Wakefield’s Executive Director Scott Boardman and Senior Associate Kristina Cutillo.

Lucid Private Offices will join the building’s current tenants, including Vereit, Insight Global and Bonnett Fairbourn Friedman & Balint, among others, according to CommercialEdge.

An energy-efficient office building

Located at 2325 E. Camelback Road, the 11-story building comprises 7,562 square feet of retail space, six passenger elevators and 1,179 parking spots. Amenities include a a conference center, fitness center and landscaped outdoor seating space. 24th At Camelback II recently received a WELL Health-Safety Rating, as well as LEED Platinum certification and an Energy Star rating of 92.

Built in 2010 on an approximately 2-acre lot, the property is 6 miles from Phoenix Sky Harbor International Airport, 7 miles from downtown Phoenix, 11 miles from Tempe, Ariz., and within 17 miles of Mesa, Ariz.

Other flex office providers also expanded in the metro recently. Earlier this year, Industrious announced plans to open 20,910-square-foot coworking location in Phoenix, expected to be operational in September. The space is part of Park Central, a 530,000-square-foot Class A mixed-use project owned by Plaza Cos. and Holualoa Cos.

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