RED Development Fully Preleases Phoenix Building

The Grove. Image courtesy of RED Development

RED Development has fully leased a Class A office building within The Grove, an upcoming mixed-use development in Phoenix, prior to the building’s completion. JLL represented the company in the leasing process and is also the first tenant to move in, bringing nearly 130 employees to the property.

The building encompasses 180,000 square feet of office space. Aon will join JLL, Clear Sky Capital, Sendoso, Common Bond Development and others on the tenant roster.

Nelsen Partners’ George Melara serves as architect for the building and Judi Testani from Testani Design Troupe as interior designer. Common-area amenities include a rooftop deck, indoor/outdoor pavilion, pickleball court and a gourmet kitchen.

Upon completion, The Grove, which broke ground in June 2021 and has a price tag of roughly $400 million, will comprise several structures across 750,000 square feet: three office buildings, a hotel, several retail and dining venues, 544 parking spaces, 58 luxury residences and a 70,000-square-foot medical office building.

Located at 4300 E. Camelback Road, the property is at the corner of Camelback Road and 44th Street. The Grove is also home to the state-of-the-art Phoenix Suns and Phoenix Mercury training facility.

Less than 3 miles away, a 236,553-square-foot multi-tenant office building dubbed Camelback Center recently traded for $61.8 million. Nuveen Real Estate acquired the Class A property and JLL Capital Markets brokered the transaction on behalf of the seller, Bridge Investment Group.