PHOENIX, AZ--(Marketwire - Mar 21, 2012) - The Phoenix office of Lincoln Property Company, a full-service real estate firm providing development, investment, property management, receivership, leasing and construction management services announces a new tenant and a landmark restaurant will remain at Camelback Square, formerly Camelback Executive Park.
Echo Global Logistics has signed an 11,114 square foot lease at Camelback Square. Chicago-based Echo Global Logistics provides technology-enabled transportation and supply chain management services across a wide range of industries, including manufacturing, construction, consumer products and retail.
"We're very excited to welcome Echo Global Logistics to the Scottsdale market and to the newly renovated Camelback Square. Their selection of our building is a testament to the fantastic location and amenities in downtown Scottsdale," said Cooper Sutherland, Vice President of Real Estate, Lincoln Property Company West Region.
Lincoln Property Company has also extended the lease with Mastro's City Hall restaurant, which is recognized as one of the top 10 steakhouses in the United States.
"We are proud to announce the continued presence of our Mastro's City Hall location in Scottsdale. We worked with property ownership to enhance the look and feel of the exterior elements including the courtyard," said Jason Miranda, Senior Vice President of Operations, for Mastro's Restaurants. "We appreciate the partnership we have with Lincoln Property Company and look forward to continued success and growth for the long term."
"Lincoln Property Company is pleased that Mastro's City Hall will continue to be both a notable establishment in the Scottsdale Fashion Square corridor and in downtown Scottsdale and a great amenity for Camelback Square," said David Krumwiede, Executive Vice President, Lincoln Property West Region.
Camelback Square has recently undergone a major renovation including new building entrances and exterior doors, lobby finishes, limestone flooring, common area finishes, courtyard fountain and furniture, remodeled restrooms, elevator finishes and building signage. Lincoln Property Company serves as the property and construction manager for the building.
In the Echo Global Logistics transaction, the tenant was represented by Paul Reaumond and Ross Peterson of CB Richard Ellis. Lincoln Property Company was represented by Jerry Roberts of CB Richard Ellis.
Camelback Square is a 172,690 square foot, three-story building located at 6991 East Camelback Road, near the prestigious intersection of Scottsdale and Camelback Roads in Scottsdale, Arizona. Other major tenants of the property include Ashton Woods Homes and Pacific Coast Mortgage.
The property has a sleek and contemporary design and a fully landscaped courtyard with a fountain and seating areas. The property features proximity to the highly desirable Scottsdale Fashion Square with its anchor tenants: Barneys New York, Neiman Marcus and Nordstrom. In addition, the W Hotel and Scottsdale Waterfront are within walking distance. Camelback Executive Park is also located near the heart of old town Scottsdale with a multitude of restaurants and retail amenities.
LINCOLN PROPERTY COMPANY
Lincoln Property Company ("Lincoln") is an international full service real estate firm offering real estate development, design/construction management and property/asset management services. Founded in 1965, Lincoln currently has approximately 4,400 employees and maintains a presence in more than 200 cities in the United States and 10 countries throughout Europe.
Lincoln's Desert West Regional office, based in Phoenix, Arizona, has developed 2.7 million square feet, acquired 3.7 million square feet and manages 4.9 million square feet of commercial space. The Phoenix Business Journal Book of Lists ranks LPC in the top 10 Commercial Real Estate Property Management firms. 2011 marked LPC's 10th year in Arizona. For more information, visit http://www.lpcphx.com.
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