Top Software Company Moves HQ to Phoenix
- Oct 20, 2016
by Evelina Croitoru
Phoenix—Scottsdale-based Integrate Inc. has announced the relocation of its headquarters to downtown Phoenix. The leading developer of marketing software has signed an anchor deal to occupy the entire 19th floor penthouse level of the Monroe Building, where it plans to relocate more than 100 employees.
Located at 111 W Monroe St., the 18-story tower offers move-in ready creative office suites and first-floor retail entirely consisting of boutique retailers. The property also features free common areas Wi-Fi, controlled access and 663 parking stalls. The class A building has floor plates of 13,500 square feet and amenities geared toward entrepreneurial organizations. The high-rise is home to high profile technology firms such as Galvanize, Gainsight, Allbound and Uber.
“Integrate is growing at a rapid pace and making the move to tech-centric Downtown Phoenix was a natural fit for us. The Monroe Building offers a unique environment that aligns with our company culture and entrepreneurial spirit, while providing a solid foundation for us to keep growing,” Jeremy Bloom, CEO of Integrate, said in a prepared statement.
Integrate is but another influential company that relocates to Phoenix, joining a growing constituency of tech-based firms operating from the Silicon Desert. “We still believe that ‘today’s Downtown Phoenix’ is the smartest bet in the region; the combination of new infrastructure, world class education, and cool local flavor is compelling, especially in light of our competitive pricing posture,” Tim O’Neil, a partner with the Monroe Building, said in prepared remarks.
Real estate research firm Reis reported that Phoenix offers substantially lower costs of operation, when compared to Silicon Valley. Office rents in Phoenix are up to 50 percent lower than those in San Francisco.
Image Courtesy of YardiMatrix