{"id":1004176536,"date":"2017-05-12T09:16:55","date_gmt":"2017-05-12T17:16:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004176536"},"modified":"2022-12-08T12:56:12","modified_gmt":"2022-12-08T20:56:12","slug":"financial-tech-company-relocates-to-phoenix","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/financial-tech-company-relocates-to-phoenix\/","title":{"rendered":"Financial Tech Company Relocates to Phoenix"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004176538\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Renaissance-Square-in-Phoenix.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004176538\" data-attachment-id=\"1004176538\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/financial-tech-company-relocates-to-phoenix\/renaissance-square-in-phoenix\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Renaissance-Square-in-Phoenix-e1494585839751.jpg\" data-orig-size=\"1434,1075\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Renaissance Square in Phoenix\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Renaissance Square in Phoenix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Renaissance-Square-in-Phoenix-e1494585839751.jpg?w=1024\" class=\"wp-image-1004176538 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Renaissance-Square-in-Phoenix-e1494585839751.jpg\" alt=\"Renaissance Square in Phoenix\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Renaissance-Square-in-Phoenix-e1494585839751.jpg 1434w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Renaissance-Square-in-Phoenix-e1494585839751.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Renaissance-Square-in-Phoenix-e1494585839751.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Renaissance-Square-in-Phoenix-e1494585839751.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004176538\" class=\"wp-caption-text\">Renaissance Square in Phoenix<\/p><\/div>\n<p>Upgrade Inc., a financial tech company, has signed a 38,000-square-foot lease on the ninth and 10th floors of Renaissance Center I in Phoenix. The company will relocate its San Francisco headquarters. Ryan Bartos, executive vice president with JLL in Phoenix, in partnership with the company\u2019s San Fransico team comprising Travis James, managing director, and Matt Aljets, vice president, represented\u00a0Upgrade in its site selection and lease negotiations.<\/p>\n<p>Upgrade, which was founded in 2016, plans to hire 100 employees in Phoenix this year, with 200 more expected to join the company next year. According to Renaud Laplanche, co-founder &amp; CEO of Upgrade, the firm chose this location because it is convenient to workforce living throughout the valley and it is also surrounded by amenities, including a light rail stop right next to the building.<\/p>\n<p><em>\u201cA company saves 15 to 30 percent locating in downtown Phoenix,\u201d<\/em> Ryan Bartos, executive vice president of JLL Phoenix, said in prepared remarks. <em>\u201cAlong with that savings, they gain a location where there are significant amenities available within a short walk and access to great talent.\u201d<\/em><\/p>\n<p>According to Yardi Matrix data, Cypress Office Properties acquired the building in 2016 from Hines as part of a $151.3 million portfolio sale that included more than 950,000 square feet of office space and more than 45,000 square feet of retail space. The property will undergo a $50 million renovation process that will include modernization of the lobbies and the addition of indoor-outdoor collaborative meeting spaces. <em>\u201cWe are repositioning <a href=\"https:\/\/www.commercialsearch.com\/news\/phoenixs-renaissance-square-wins-2016-toby-award\/\">Renaissance Square<\/a> to be Phoenix\u2019s premier office towers,\u201d<\/em> Mark Wayne, principal at Cypress Office Properties, said in a prepared statement.<\/p>\n<p><em>Image courtesy of JLL<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Upgrade Inc. leased 38,000 square feet of office space in the first building of Renaissance Square in Phoenix. The company plans to hire up to 300 people.<\/p>\n","protected":false},"author":753,"featured_media":1004508462,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,21747,1601,15],"tags":[35507,32796,35508],"class_list":["post-1004176536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-office","category-phoenix","category-west","tag-cypress-office-properties","tag-jll","tag-upgrade-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Financial Tech Company Relocates to Phoenix - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/financial-tech-company-relocates-to-phoenix\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Tech Company Relocates to Phoenix\" \/>\n<meta property=\"og:description\" content=\"Upgrade Inc. leased 38,000 square feet of office space in the first building of Renaissance Square in Phoenix. The company plans to hire up to 300 people.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/financial-tech-company-relocates-to-phoenix\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-12T17:16:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T20:56:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Renaissance-Square-in-Phoenix.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1434\" \/>\n\t<meta property=\"og:image:height\" content=\"1912\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Razvan Cimpean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/financial-tech-company-relocates-to-phoenix\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/financial-tech-company-relocates-to-phoenix\/\",\"name\":\"Financial Tech Company Relocates to Phoenix - 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