By Ron Davis – Reporter, Phoenix Business Journal.
Tenant improvements are complete on a new headquarters for a local tech unicorn.
Scottsdale-based Lessen Inc. will stay within the city but has moved offices from 4021 N. 75th Street into the Portales Corporate Center I at 4800 N. Scottsdale Road. More than 80 employees made the move into the 42,000-square-foot office.
The new space spans two half floors joined by a staircase and includes amenities such as a speakeasy-style executive lounge area, a library space and a coffee bar. Employees will be able to work within new enclosed offices, collaboration spaces, a training room, huddle and phone rooms. The office has two break rooms as well.
Lessen, a property technology company that connects landlords to service providers, said through a spokesperson that the renovations “modernized the office and created a work environment curated to Lessen’s office culture.”
The build-out of the new headquarters was done by general contractor Stevens- Leinweber Construction while the design was done by architecture firm Ware Malcomb.
“Lessen wanted a large space that would be attractive to teammates as they return to an office environment,” said Lynne Orlowski, director of interior architecture and design for Ware Malcomb, in a statement. “This office reflects energy, fun and collaboration and exemplifies Lessen’s brand.”
Lessen declined to disclose the cost of the renovations and the timeline for completion.
Cushman & Wakefield’s Chris Walker, Mike Beall and Jeffrey Wentworth are the listing brokers for the Portales Corporate Center, which carries an asking lease rate of $42 per square foot across open available spaces, according to their listing. Portales Corporate Center’s asking rate outpaces the average asking rate across all classes in the South Scottsdale submarket of $35.97 per square foot, according to a Q2 2023 office market report from Cushman & Wakefield.
Bryce Terveen of CBRE Group Inc. represented Lessen in its move to the Portales Corporate Center.
Earlier this year, Lessen acquired Chicago-based facilities maintenance technology firm SMS Assist in a deal valued at $950 million.