Adler Realty Investments, Inc. Signs 56,167 SqFt of Leases at 2600 North Central Tower, Phoenix, Arizona

PHOENIX (June ’09) – Adler Realty Investments, Inc. (ARI) announced the execution of several leases totaling 56,167 square feet at their 2600 N. Central office tower in Phoenix, Arizona. The United States Government leased 30,494 square feet for use by several agencies, including the Department of Homeland Security Immigration, Customs Enforcement division, the Drug Enforcement Agency and the Department of Health and Human Services. The Bureau of Indian Affairs who currently occupies multiple floors in the building has expanded their occupancy by 7,065 square feet. The National Labor Relations Board currently occupies 11,037 square feet and will be relocating to new premises in the building consisting of 13,253 square feet.  A 16,392 square foot lease was also signed with Burns McDonald, an international engineering, architecture, and consulting firm based in Kansas City, Missouri. In addition, Adler has renewed several smaller leases in the last several months totaling 8,763 square feet.

“We are excited about the execution of these substantial leases at the building and are pleased with the activity we are seeing in the market” said Michael Adler, President of ARI. “Our ability to be creative and attentive to prospective tenants’ needs has consistently resulted in win-win transactions for both our tenants and our investors.”

John Bonnell and Brett Abramson of Jones, Lang LaSalle are the listing brokers at the property.

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