Property is Fully Leased in Less Than One Year
Phoenix, AZ – October 28th, 2016 – Cohen Equities announced today that Empereon Marketing has signed a 53,831 square foot lease at Corporate Center in Phoenix Arizona, located at 10400 North 25th Avenue. Ryan Timpani and Keith Lambeth of Colliers International represented Cohen Equities in the deal, while Clint Hardison of Keyser represented Empereon.
Empereon will be joining Avesis, whose parent company is Guardian Life Insurance, taking the remaining space at the Property. Founded in 1997, Empereon Marketing is a leading provider of contact center solutions specializing in multi-media, multi-channel, and customer-centric interactions.
Cohen Equities acquired Corporate Center in January of 2016 with 50% vacancy and has brought the property to full occupancy in under a year. Corporate Center is a 2-story, Class-A office building located in the heart of the Metro Center submarket, alongside Interstate 17. The building is situated adjacent to the revamped 2,000,000 SF Metro Center Mall and surrounding amenities.
Corporate Center is one of several assets that Cohen Equities has taken from low to full occupancy this year. The company also took its 324,000 square foot office building at 7900 Harkins Road in Lanham, Maryland from fully vacant to 100% occupied in only 9 months, leased its 343,658 square foot office building at 10 River Park Plaza in St Paul, Minnesota from 47% occupancy at purchase to 89% occupancy upon sale last month (doubling its value in under a year) and leased its retail asset downtown Stamford, Connecticut – Shops Under Target – from 28% occupancy at purchase to 100% occupancy in less than a year.
“We are thrilled with the success we had in bringing Corporate Center to full occupancy. It’s a testament to our leasing team and the fantastic local brokers who we’re so fortunate to work with across the country” said Meir Cohen, CEO of Cohen Equities.10400 North 25th Avenue will soon be marketed for sale by Darren Tappen, Peter Beauchamp and Matthew Ault at Kidder Matthews.
About Cohen Equities
Cohen Equities is a national real estate investment firm that pursues commercial assets that present an opportunity to add value in both secondary and gateway markets. The company has successfully invested in and improved more than 9 million square feet of real estate across the United States. Led by Meir Cohen, a real estate veteran with more than 30 years of experience, Cohen Equities creates significant value through active management, leasing and repositioning activities. For more about Cohen Equities, please visit cohenequities.com.