Hines Renews Lease for GPEC at Renaissance Square in Phoenix
- Nov 22, 2016
By Evelina Croitoru
Phoenix—Hines has announced the renewal of a long-term 11,976-square-foot lease for the Greater Phoenix Economic Council (GPEC) at Renaissance Square in Phoenix. Patrick Devine, senior director with Cushman & Wakefield, represented the landlord, while Andrew Cheney, principal of Lee & Associates, represented GPEC.
GPEC has occupied One Renaissance Square since its outset and will continue leasing its space on the 25th floor. The organization renewed an 8-year lease and is revamping the office into a more modern and collaborative space.
Hines purchased Renaissance Square, a two-building office complex, back in 2008, from a joint venture between The Pauls Corp. and GE Asset Management. The buildings, which are clad in red granite, are connected by a pedestrian sky bridge. The 494,004-square-foot One Renaissance Square comprises 25 stories and Two Renaissance Square features 474,786 square feet across 27 stories.
“The location of One Renaissance Square provides a centrally located office space for the various stakeholders from the private and public sector around the region to participate in the work that GPEC is undertaking, a factor that was incredibly important in the selection process,” Chris Camacho, president & CEO of the Greater Phoenix Economic Council, said in prepared remarks.
Image courtesy of Hines