{"id":1004694057,"date":"2023-12-14T02:11:56","date_gmt":"2023-12-14T10:11:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004694057"},"modified":"2023-12-14T06:15:51","modified_gmt":"2023-12-14T14:15:51","slug":"menlo-equities-signs-136-ksf-lease-in-phoenix","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/menlo-equities-signs-136-ksf-lease-in-phoenix\/","title":{"rendered":"Menlo Equities Signs Phoenix\u2019s Largest Office Lease of 2023"},"content":{"rendered":"
\"One<\/a>

Menlo Equities has owned One Compass Center since 2018. Image courtesy of JLL<\/em><\/p><\/div>\n

Peckham<\/strong>\u00a0Inc<\/strong>. has signed a 136,194-square-foot commitment to fully occupy One Compass Center, a Class A office property in Phoenix. JLL<\/strong> assisted the tenant in signing the metro\u2019s largest office lease so far this year. Cushman<\/strong> & Wakefield<\/strong> represented the landlord, Menlo<\/strong> Equities<\/strong>, which has owned the property since 2018, CommercialEdge data shows.<\/p>\n

The nonprofit vocational rehabilitation organization tenant will establish a contact center with 1,000 jobs designed for persons with diverse mental, emotional, physical or learning disabilities.<\/p>\n

\n

READ<\/strong> ALSO<\/strong>: How Lifestyle Offices Are Redefining Work-Life Balance<\/a><\/p>\n

\n

One Compass Center is a four-story office building at 3150 S. 48th St. that features 34,651-square-foot floorplates, three passenger elevators, controlled access and 735 covered vehicle parking spots, according to the same source. Additionally, the property includes a two-story glass entrance, an atrium lobby and outdoor spaces.<\/p>\n

The approximately 10-acre property is within the Rayburn Acres neighborhood, close to Interstate 10 and to U.S. Route 143. One Compass Center is 2 miles from Phoenix Sky Harbor International Airport, 8 miles from downtown Phoenix, 17 miles from Glendale, Ariz., and within 30 miles of Phoenix-Mesa Gateway Airport.<\/p>\n

JLL\u2019s team of Vice President Kyle Seeger, Executive Vice President Jami Savage-Gray and Senior Managing Director Ryan Bartos negotiated on behalf of Peckham Inc. Cushman & Wakefield Managing Director Pat Boyle represented the landlord.<\/p>\n

Large Phoenix office leases in 2023<\/h2>\n

CommercialEdge data shows that one of the largest office deals<\/a> inked in the first half of 2023 within the Phoenix metro includes Vanguard Group’s commitment in Scottsdale, Ariz. The company signed a 133,634-square-foot expansion at Northsight Corporate Center, a 141,534-square-foot office building in the Scottsdale Airport submarket.<\/p>\n

Another notable office deal this year was Kimley-Horn’s 78,482-square-foot lease at Camelback Arboleda, Fenway Capital Advisors’ 178,792-square-foot building in Phoenix.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cushman & Wakefield represented the owner in the deal with a local nonprofit.<\/p>\n","protected":false},"author":2991,"featured_media":1004694079,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21742,21747,1601,15],"tags":[34908,32796,33084],"class_list":["post-1004694057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-latest","category-office","category-phoenix","category-west","tag-cushman-wakefeld","tag-jll","tag-menlo-equities"],"acf":[],"yoast_head":"\nMenlo Equities Signs Phoenix\u2019s Largest Office Lease of 2023 - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Peckham Inc. has signed a 136,194-square-foot office lease, fully occupying One Compass Center, a Class A office property in Phoenix.\" \/>\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\/menlo-equities-signs-136-ksf-lease-in-phoenix\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Menlo Equities Signs Phoenix\u2019s Largest Office Lease of 2023\" \/>\n<meta property=\"og:description\" content=\"Peckham Inc. has signed a 136,194-square-foot office lease, fully occupying One Compass Center, a Class A office property in Phoenix.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/menlo-equities-signs-136-ksf-lease-in-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=\"2023-12-14T10:11:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-14T14:15:51+00:00\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/One-Compass-Center-e1702474908642.jpg\" \/>\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\/menlo-equities-signs-136-ksf-lease-in-phoenix\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/menlo-equities-signs-136-ksf-lease-in-phoenix\/\",\"name\":\"Menlo Equities Signs Phoenix\u2019s Largest Office Lease of 2023 - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/menlo-equities-signs-136-ksf-lease-in-phoenix\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/menlo-equities-signs-136-ksf-lease-in-phoenix\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/One-Compass-Center-e1702474908642.jpg\",\"datePublished\":\"2023-12-14T10:11:56+00:00\",\"dateModified\":\"2023-12-14T14:15:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Peckham Inc. has signed a 136,194-square-foot office lease, fully occupying One Compass Center, a Class A office property in Phoenix.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/menlo-equities-signs-136-ksf-lease-in-phoenix\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/menlo-equities-signs-136-ksf-lease-in-phoenix\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/menlo-equities-signs-136-ksf-lease-in-phoenix\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/One-Compass-Center-e1702474908642.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/One-Compass-Center-e1702474908642.jpg\",\"width\":1666,\"height\":1250,\"caption\":\"One Compass Center. 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