NAI Horizon negotiates pair of long-term leases at State Bar building
PHOENIX, ARIZONA (October 17, 2017) – NAI Horizon Senior Vice President Laurel Lewis and Vice President Tom Bean, CCIM, negotiated two long-term office leases totaling $1.29 million on behalf of the landlord, the State Bar of Arizona, at 4201 N. 24th St., in Phoenix.
NAI Horizon negotiated a long-term lease worth $955,185 for Arizona Foundation for Legal Services and Education. It will lease 4,962 square feet. The nonprofit foundation prepares Arizona youth for civic responsibility and provides access to justice for Arizonans most in need.
NAI Horizon also negotiated a long-term lease worth $337,445 for Weight Watchers of Arizona, Inc. It will occupy 2,878 SF.
“The tenants that choose to locate at 4201 N. 24th St. enjoy the value that the State Bar of Arizona adds through enhanced security and a high level of attention to property maintenance,” Lewis said. “It also provides an attractive and up-to-date building on all levels as well as close proximity to the attractive and amenity-rich Camelback Corridor.”
Built in 1985, the building totals 68,710 SF. Other tenants include Tyler Allen Law Firm and Total Networks.
“The State Bar provides stable ownership and is a wonderfully responsive landlord,” Bean said. “We will have our last available space coming to market and ready for occupancy in Q1 2018.”
Weight Watchers was represented by Jack Stone of JMS Commercial Real Estate Services.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to 400 offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide.
NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more visit: www.naiglobal.com.