Tenants take more than 30,000 square feet

Phoenix, November 7, 2017 – The Promenade at South Mountain attracted three new tenants, adding more than 30,000 square feet of new occupancy to the 109,310-square-foot property, located at 8222 S. 48th Street in Phoenix.

Phillip Wurth and Charles Miscio, executive vice presidents with Colliers International in Greater Phoenix, serve as exclusive leasing agents for the property, which is owned by Dunbar Real Estate Investment Management of El Segundo, Calif.

“These three office tenants each were attracted to the modernization that was recently completed at the property,” said Phil Wurth, CCIM, of Colliers. “The Promenade now has a contemporary ambience and updated finishes throughout, both exterior and interior. In addition, the owner added outdoor amenities and games that appeal to employees at the office property.”

Association for Supportive Child Care, Inc., leased 14,305 square feet at the property and will locate its headquarters to the office building in February.  The non-profit, family services organization was represented by Grafton Milne of The Menlo Group in the lease negotiations.

Schlage Lock Company leased 7,276 square feet at the property. Schlage took occupancy last month and is operating a new national training and educational facility in the space.  Curtis Chickerneo of Cushman & Wakefield represented Schlage in the lease negotiations.

“Schlage and their broker took full advantage of the newly renovated suite at the Promenade at South Mountain and ownership was extremely aggressive in their approach to gain such credit tenancy,” said Miscio.

Brookdale Senior Living Solutions leased 9.390 square feet at the office building and took occupancy in October. The company specializes in senior living administration and in-home nursing practitioners and is using this space as expansion of their growing business.  Michael Sayre of Cushman & Wakefield negotiated Brookdale in the lease negotiations. 

The Promenade at South Mountain is in the Ahwatukee foothills, adjacent to the Arizona Grand Resort and conveniently located to Interstate 10 and US 60.

About Colliers International Group
Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

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