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Visit Phoenix Leases 24,722 Sqft At CityScape From RED Development In Phoenix, AZ

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LEASED

Arizona

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Mixed-use
Leased 02/06/2025
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LEASED

Visit Phoenix Leases 24,722 Sqft At CityScape From RED Development In Phoenix, AZ

1 East Washington Street

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Mixed-use
Leased 02/06/2025
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Summary

ARIZONA
Asset Type:Mixed-use
Transaction Type:Lease

The property involved in this transaction is a mixed-use asset located at 1 East Washington Street in Phoenix, AZ. The leased space encompasses 24,722 square feet. CityScape spans a total of 1.2 million square feet and includes various amenities such as office space, retail, dining options, and a 27-story tower. Additional features of the property comprise conference rooms, a fitness center, and 2,670 parking spaces.

Summary of transaction details:

The transaction involves Visit Phoenix relocating from their previous location at 400 E. Van Buren St. in 2025. The brokerage team representing the transaction includes Brett Thompson, Mike Gordon, and Ryan Timpani from JLL, facilitating the lease agreement between the landlord and tenant.

Players

Michael (Mike) Gordon
1 deal(602) 282-6300
BROKER


Details

LEASED
IMAGE: 02/06/2025 ADDRESS: 1 East Washington Street MARKET: Phoenix, AZ ASSET TYPE: Mixed-use LANDLORD: RED Development TENANT: Visit Phoenix BROKERS: Brett Thompson, Mike Gordon & Ryan Timpani - JLL NOTE: Visit Phoenix leased 24,722 sqft at CityScape in Phoenix, relocating from 400 E. Van Buren St. in 2025. CityScape, a 1.2M sqft mixed-use property, features office space, retail, dining, and a 27-story tower, with amenities including conference rooms, a fitness center, and 2,670 parking spaces.

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Deal Type
Effective Rent (Annual)

$573,193.97

Total Lease Value

$5,731,939.66

Net Landlord Cash Flow$573,193.97