Piper Jaffray Renews Lease, Relocates to AZ Camelback Esplanade

Lee & Associates brokered the 3,900-square-foot renewal, relocation and expansion for the lessee. CBRE worked on behalf of LBA Realty, the landlord.

The Camelback Esplanade in Phoenix
The Camelback Esplanade in Phoenix

Lee & Associates coordinated a 3,900-square-foot renewal, relocation and expansion for lessee Piper Jaffray at Camelback Esplanade in Phoenix. The company previously leased 3,350 square feet of office space in the same building, for 23 years. In the new lease, which has a five-year term, CBRE represented the landlord.

Piper Jaffray needed larger premises to accommodate anticipated growth, while at the same time remodeling its offices. The company’s Phoenix office was established in 1991.

Lee & Associates’ Jim Watkins represented Piper Jaffray, while Pat Boyle of CBRE worked on behalf of LBA Realty of California.

Most recently, Lee & Associates arranged the sale of a film production facility in the Van Nuys submarket of the San Fernando Valley of Los Angeles.  

Image courtesy of Piper Jaffray