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U.S. Drug Enforcement Administration
Phoenix, AZ
70,000 SF
FD Stonewater was retained by Boyd Watterson in an effort to facilitate a leasing deal and retain this key federal tenant in their building. The client owns two buildings in Phoenix that house the U.S. Drug Enforcement Administration (DEA) but was poised to lose both tenancies because neither building could accommodate the DEA’s new consolidation and size requirements. FD Stonewater’s leasing and development team worked together to develop a creative strategy and successfully achieved the 20-year (15 firm term) deal, maintaining a key federal tenancy for the owner.

Category: Brokerage
DEAL INFO
Building: Two Renaissance Square
Square Feet: 73,000 SF
Client: Hines