By Alex Girda, Associate Editor
International real estate firm Hines recently completed a leasing agreement with one of its oldest tenants in Phoenix. The U.S. Attorney’s Office has announced that it has renewed its commitment to stay on at the Renaissance Square office asset in downtown Phoenix. During the leasing process, Cushman and Wakefield’s Patrick Devine and FD Stonewater’s Chad Habeeb advised the landlord, while the tenant was represented by Carpenter Robbins Commercial Real Estate.
The U.S. Attorney’s Office is set to continue to occupy the same 72,980 square feet of space that it has for the past 15 years. The space is located on floors 15-18 of the property’s second tower and houses roughly 280 staff, including 120 of the office’s attorneys. Located at 2 North Central Ave. and 40 North Central Ave. in the city’s core, the office property currently has LEED Gold 2015 certification form the USGBC, and has received the ENERGY STAR every year starting with 2008.
Renaissance Square consists of two red granite-covered office towers that were completed in 1987 and 1989, and is the work of architecture firm Emery, Roth & Sons. The asset was acquired by Hines back in 2008 from a venture between The Pauls Corporation and GE Asset Management. The property offers a total of 965,508 square feet of office space, with the 27-story Two Renaissance Square having 473,392 square feet. The asset’s main tenants include Quarles & Brady, Bryan Cave, GSA, and Ernst & Young.
Image via Hines