CBRE Negotiates 45K SF Lease at Tempe's The Circuit
09 1 2018
CBRE and Keyser have negotiated a 44,603-square-foot lease between On Q Financial and The Circuit, located at the Loop 101 and University Drive in Tempe, Ariz. On Q Financial, the leading online provider of mortgage tools for home loans, mortgages, electronic lending and loans, will open in the space in March 2018.
Bryan Taute and Charlie Von Arentschildt with CBRE’s Phoenix office represented the landlord, Denver-based EverWest Real Estate Partners, in the lease negotiations. On Q Financial was represented by Matt Cummings and Jim Sadler with Keyser.
The recently redesigned, Class A creative office space at 615 S. River Drive offers expansive open floor plates, natural light, and outdoor amenities including barbeques, bocce ball courts and landscaped patios.
“We are thrilled to see this innovative office project continue to perform as companies realize the unique opportunities this dynamic adaptive re-use space has to offer,” said Amr Ceran, senior director with EverWest. “We welcome On Q Financial’s headquarters to The Circuit and look forward to seeing the company continue to innovate and succeed in its new space.”
“Forward-thinking companies of all natures like On Q Financial continue to choose Tempe because of its amenities, business-friendly environment and access to labor,” said CBRE’s Taute. “This project offers modern, creative office space in the heart of Tempe, surrounded by some of Tempe’s best restaurants, shopping and housing.”
Keyser’s Matt Cummings continues: “From the start of our relocation search, we knew we wanted to find a unique project that would allow On Q Financial to grow and appeal to current and future employees. On Q Financial is a leader in its field both in servicing customers and in innovation, and we felt the location and style of The Circuit reflected the atmosphere of an exciting company focused on growth. The ability to take the space from shell condition and create a new, fun work environment appealed to us as well.”
New York-based health insurance company, Oscar, currently occupies 90,000 square feet of office space at The Circuit.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.