PHOENIX – April 26, 2016 – Hines, the international real estate firm, announced today that Presidio, a New York-based IT solutions provider, has signed a 2,915-square-foot lease at 24th at Camelback, a Class A office building in Phoenix.
Presidio has been in the Phoenix market for the last seven years and will open this office with 12 local employees. Presidio selected 24th at Camelback to be near Cisco Systems, its largest vendor, which is also a tenant in the 8-story building. Presidio won the Global Award for Architectural Excellence-Collaboration at Cisco’s Partner Summit 2014.
A leading IT solutions provider, Presidio offers consulting, IT design and implementation, and IT-as-a-Service to over 6,500 clients throughout the US.
“Presidio is proud to serve clients in the Phoenix market, helping them build the technology solutions most important to their digital readiness, including cyber security, cloud, data center, mobility, collaboration and internet of everything,” stated Presidio Senior Vice President-West Bill Ferrato. “Leading edge client projects and technologies, combined with a desirable work environment, make Presidio a destination for technology talent in Phoenix,” he added.
Hines leased a high-end speculative suite to Presidio. The space features a built-in reception desk, appliances, TV, upgraded conference room lighting and upgraded flooring. Hines has two additional high-end speculative suites, totaling 7,912 square feet, available for lease at 24th at Camelback.
“Hines designed high-end speculative suites with upgraded finishes to attract tenants without the manpower and time to manage a tenant improvement. We are pleased the suite accommodates Presidio’s needs and places them in close proximity to an important vendor,” said Michelle Brown, property manager of 24th at Camelback.
24th at Camelback’s other major tenants include AAA Arizona, Cisco Systems, Greenberg Traurig and Regus Business Centre.
Jeff Hartland and Scott Boardman of Cushman & Wakefield represented Hines in the transaction. Peter Menna of Cushman & Wakefield represented Presidio.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 182 cities in 20 countries. Hines has $89.1 billion of assets under management, including $42.5 billion for which Hines provides fiduciary investment management services, and $46.6 billion for which Hines provides third-party property-level services. The firm has 109 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,126 properties, totaling over 351 million square feet. The firm’s current property and asset management portfolio includes 457 properties, representing over 193 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.