Hines Renews Lease for GPEC at Renaissance Square in Phoenix

GPEC, which has been at Renaissance Square since its outset, will continue occupying its space on the 25th floor.

by Evelina Croitoru

Renaissance Square

Renaissance Square

PhoenixHines 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