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Elevate 24 (Formerly Camelback Commons)

• 4722 & 4742 N. 24th Street
  Phoenix , AZ 85016

• Real Estate Type: Office

• Square Feet: +/- 322,406

Requirement

• Lease a 62% occupied, two-building campus for institutional client and their lender

Challenge

• Project perceived by market as a confusing layout
• Lack of on-site amenities
• Lack of available tenant improvement dollars for spec suites

Solution

• Develop the proper tour route
• Create “The Deck”
• Be patient to find the right tenant who could wait for TI’s

Results

• Over 65,000 SF of leasing in the first year
• Additional 35,000 SF of deals signed in the following six months

Previous Owner/Client