[Source: Jan Buchholz, Phoenix Business Journal]
The former headquarters of Freeport McMoRan Gold & Copper Inc., the One North Central tower in downtown Phoenix, will be filled by PhoenixLaw, also known as the Phoenix School of Law.
The college will take eight floors of the 20-story tower or 205,130 square feet. The school is moving from its current location at 4041 N. Central Ave.
“It’s an interesting use that will be a great benefit to downtown,” said Phil Breidenbach, senior vice president of Colliers International in Phoenix.
Breidenbach represented the landlord, a subsidiary of Mitsubishi Estate New York, along with team members Peter Neiman andLindsey Carlson.
Breidenbach said the move, which is expected by the fall, will bring “a bunch of students,” to downtown, but he could not give specifics.
The Phoenix Business Journal put in a call to PhoenixLaw President Scott Thompson, but he was traveling and unavailable for comment.
Freeport McMoRan, which moved to Central Park East at the northeast corner of Central Avenue and Van Buren Street last year, still had an active lease on its space at 1 North Central Ave. Breidenbach said Colliers didn’t intend to market the property until that lease expired.
“But we were approached by a lot of people in the marketplace,” he said.
The overture by PhoenixLaw appealed to the landlord and negotiations commenced.
Breidenbach said he expects tenant improvements to be extensive.
“They’ll transform corporate headquarters into education facilities. That will be significant,” he said.
Breidenbach could not say how much those will cost.
“It’s all in process right now,” he said. “There’s a host of activity going on
[Source: Arizona Republic] — Some of the biggest users of the light rail are expected to be students, and along the light-rail line there are more than 20 schools, from preschools through colleges. Light rail played a role in Phoenix School of Law relocating to its central Phoenix location near the intersection of Indian School and Central Avenue. Student and faculty members alike say they plan to take the rail.
Alicia Togno, the law school’s assistant dean for administration, says she will encourage students to take rail to take the stress out of commuting. “It is a time to gear up or decompress depending on when you are traveling,” she said. She plans to take it daily from her home in the Willo district.
Dan Johnson, 21, a first-year law student, is from Chicago and is used to taking the elevated train there. He lives in Tempe and plans to ride his bike to the station at Apache Boulevard and McClintock Drive. It takes him 35 minutes to drive and he considers that wasted time. Taking light rail might not save him any time, but on the train he’ll be able to read, he says. The law school is discussing subsidizing some of the costs and that would be a financial benefit, he said. “It would be nice to say money on gas and wear and tear on my car,” he said.
Down the street, Central High School now pays for bus passes for students and will pay for light-rail passes. The stop is on Central across from the school. Click here to view a Community Walk map on schools along metro Phoenix light rail