{"id":39567,"date":"2021-01-08T16:42:25","date_gmt":"2021-01-08T14:42:25","guid":{"rendered":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=39567"},"modified":"2021-01-08T16:42:26","modified_gmt":"2021-01-08T14:42:26","slug":"pennymac-lease-phoenix-office-building","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2021\/01\/08\/pennymac-lease-phoenix-office-building\/","title":{"rendered":"PennyMac Signs Lease for 75KSF Phoenix Office Building"},"content":{"rendered":"\n<p>Mortgage lender PennyMac Loan Services recently announced it had signed a lease for 3201 E. Elwood St. in Phoenix, a 74,625-square-foot office building.<\/p>\n\n\n\n<p>The landlord \u2014 Oklahoma City-based Arnold Realty LLC \u2014 was assisted in the negotiations by JLL managing directors Mark Gustin and Dave Seeger.<\/p>\n\n\n\n<p>Situated right next to I-10 and within easy access of Sky Harbor International Airport, the property is prime Class A office space. It\u2019s also only six miles southeast of downtown Phoenix and is conveniently located about halfway between Phoenix and Tempe. Amenities of the two-story building include a sizeable cafeteria, shared outdoor spaces and ample parking. PennyMac is scheduled to occupy its new office space in December 2021.<\/p>\n\n\n\n<p>&nbsp;\u201cPennyMac was looking for a high-quality, well-amenitized building that would help it fill and retain high-level local sales positions at its first Phoenix office location,\u201d Gustin said. \u201cThis building meets all of those requirements, with a contemporary work environment and easy access for employees living in the East, Central and West Valley submarkets.\u201d<\/p>\n\n\n\n<p>PennyMac is among the largest lenders in the United States, boasting more than 5,000 employees nationally and $400 billion in serviced loans. The recent lease represents the Westlake Village, Calif.-based company\u2019s first foray into <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/az\/phoenix\/\" target=\"_blank\" rel=\"noreferrer noopener\">Phoenix office space for rent<\/a>. Recently, another lender also signed a major lease in the Phoenix metro: Specialty lender Trinity Capital leased office space in The Department at 1 N. 1st St in December 2020.<\/p>\n\n\n\n<p>Prior to the pandemic, Phoenix had experienced considerable growth, thanks to the tech sector and other industries with high-profit margins. PennyMac\u2019s lease is one of the largest to be signed since the pandemic began in March 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mortgage lender PennyMac Loan Services recently announced it had signed a lease for 3201 E. Elwood St. in Phoenix, a 74,625-square-foot office building. The landlord \u2014 Oklahoma City-based Arnold Realty LLC \u2014 was assisted in the negotiations by JLL managing directors Mark Gustin and Dave Seeger. Situated right next to I-10 and within easy access&hellip;<\/p>\n","protected":false},"author":71,"featured_media":39570,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11119,2518],"tags":[],"class_list":["post-39567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate","category-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PennyMac Signs Lease for 75KSF Phoenix Office Building<\/title>\n<meta name=\"description\" content=\"The lender is scheduled to occupy the fully-leased property \u2014 its first foray in Phoenix \u2014 in December 2021.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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commercial real estate research and data-driven reporting since 2019. With deep expertise in industrial real estate, office markets, demographics, and economics, he produces comprehensive market studies and insights on national and regional CRE trends. He also reports on adjacent subjects such as population shifts and the job market. His reports have been cited by and featured in The New York Times, Forbes, NBC, Bisnow, The Business Journals, and Yahoo Finance. Lucian holds a background in language and literature studies and brings more than 5 years of previous freelance writing experience to his commercial real estate journalism.","jobTitle":"Senior Content Writer, CRE Industry Reports & Studies","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/author\/lucian-alixandrescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2021\/01\/phoenix-office-buildings-skyline-none-style.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/39567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/users\/71"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/comments?post=39567"}],"version-history":[{"count":3,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/39567\/revisions"}],"predecessor-version":[{"id":39571,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/39567\/revisions\/39571"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/media\/39570"}],"wp:attachment":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/media?parent=39567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/categories?post=39567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/tags?post=39567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}