Colliers International negotiates long-term lease

Phoenix, November 5, 2018 – Phelps & Moore PLC, a Phoenix-based law firm signed a long-term lease agreement for nearly 3,500 square feet of space at 7430 E Butherus Drive in Scottsdale, Arizona. The law firm selected the building because it can accommodate future expansion and provides convenient access for the attorneys’ clientele.

Phelps & Moore PLC is a well-known Phoenix law firm and has relocated to the north Scottsdale property. The firm’s attorneys have nearly 50 years of combined experience and represent clients in areas that include, but are not limited to, commercial litigation; family law; personal injury; employment discrimination and bankruptcy law.

“This well-known law firm was very interested in completing a long-term commercial office lease in the north Scottsdale area,” said Greg Hopley, executive vice president with Colliers International in Greater Phoenix. “This office building is ideally suited for the firm’s future use and expansion. The firm is a welcomed addition to the tenant community at Butherus Office Plaza.”  Phelps & Moore PLC relocated to the Butherus building this month from its previous location at 4045 E. Union Hills Drive in Phoenix.

Greg Hopley negotiated the lease transaction and serves as exclusive leasing agent for Butherus Office Plaza.

The Butherus Office Plaza is a free-standing commercial office building. Constructed in 1980, the property has recently been completely refurbished. Phelps & Moore was attracted to the amenities of the surrounding area and easy access it provides to both the Loop 101 freeway and Scottsdale Road.

The property features excellent ingress and egress, with prominent building signage opportunities on Butherus Drive, which is the main entrance to the Scottsdale Airpark. In addition, the property offers abundant parking, lush landscaping, and a sizable 1.72-acre site.  The 21,060-square-foot commercial building provides beautiful interior and exterior build-out that includes conference rooms, break room, bullpen area, beautiful offices and restrooms. This commercial office building also features aircraft hangars.

About Colliers International Group Inc.
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $25 billion of assets under management from the world’s most respected institutional real estate investors.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.

Colliers is led by an experienced leadership team with significant equity ownership and a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years.

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Colliers International in Greater Phoenix has served clients locally and globally for more than 35 years.