Construction is expected to start in the first quarter of 2023 and complete by the second quarter of 2024. phoenix
Monarch Alternative Capital and Tourmaline Capital Partners are getting in on and investing in with a big infusion of capital at the Esplanade campus in Phoenix.
"Building amenity space is paramount and important but activating those spaces are equally, if not more important," said, vice president of asset management at Tourmaline."The goal is to have spaces that empower the workforce to be as efficient as possible in a space they are happy in. ... All of the sudden, the 3 o'clock meeting is taking place at the golf simulator or at one of the new outdoor spaces, but you're still in reach of your office space.
Current tenants at the Esplanade include CBRE, Merrill Lynch, Cushman & Wakefield, UBS Financial and Gallagher & Kennedy. RPM Living, Ryan Transportation, Langan Engineering and SIHI are some of the newer tenants that have joined the Esplanade, Taute said.purchased the structures they are renovating —. The deal was valued at $353 million.
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