Daily Archives: March 14, 2009
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[Source: Jan Buchlolz, Phoenix Business Journal] — The changes under way on one key city block in downtown Phoenix are not obvious to the casual eye, but the Luhrs City Center is well into its transformation. In recent weeks, the Luhrs Building has been gutted in preparation for new tenants, including law firm Hagens Berman Sobol Shapiro LLP, which has committed to taking the 10th floor. The Seattle-based firm, which specializes in class actions, will move this summer from its space at the Esplanade, at 24th Street and Camelback Road. “The building gave us the opportunity to have a presence in a great historic building, but at the same time build a state-of-the-art law office from the ground up,” said Rob Carey, Phoenix managing partner.
The Luhrs Building, 11 W. Jefferson St., will include 80,000 square feet of office space when it’s completely restored. About 20,000 square feet of retail will be available at street level. Cushman & Wakefield of Arizona Inc. is marketing the office space. Phoenix Commercial Advisors is handling the retail leasing. Hansji Urban, a division of Hansji Hotels Inc. of Irvine, Calif., purchased the entire city block — bounded by Jefferson and Madison streets, and Central and First avenues — for $28 million in October 2007. [Note: To read the full article, click here.]