Transwestern Represents Building Ownership in the Transaction
(AUGUST 11, 2014 – PHOENIX) – Transwestern today announces it brokered a lease renewal and expansion at Gateway Center on behalf of the building owner, a joint venture between an Oaktree Capital Management LP affiliate and Pearlmark Real Estate Partners LLC. Health Choice Arizona leased an additional 21,669 square feet for a total of 74,000 square feet in the Class A building at 410 N. 44th St., increasing its headquarters office size by 40 percent. Transwestern Senior Vice Presidents Bill Zurek and Jim Achen Jr. brokered the transaction.
“We are extremely pleased to accommodate Health Choice Arizona’s business expansion at Gateway Center,” said Zurek, lead broker in the transaction.
Gateway Center is currently 92 percent leased with 18,544 square feet available. Located in the center of the Phoenix metropolitan area, Gateway Center offers immediate access to routes 202 and 143, a light rail station, Sky Train and Sky Harbor International Airport. Gateway Center consists of three Class A office buildings featuring an exceptional work environment, landscaped courtyard, on-campus fitness facility, food service, flexible floorplates and views of the Phoenix skyline.
Mike Ragland of CBRE represented Health Choice Arizona.
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com and follow us on Twitter: @Transwestern.
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