Texas-based Lucid Private Offices has leased a full floor totaling 26,910 square feet at 24th At Camelback II, a Class A office building located along the Camelback Corridor in Phoenix, Arizona. The trophy asset is owned and was developed by the partnership of Hines and Invesco Real Estate, global real estate investment firms.
Lucid Private Offices’ new flexible office space will feature over 100 private offices thoughtfully designed for maximum productivity including several large offices perfect for teams of 10 or more, collaborative coworking areas, state of the art meeting and board rooms, ample parking, outdoor workspaces, a fully stocked kitchen, and the latest IT infrastructure.
Built in 2010, 24th At Camelback II is an 11-story, 306,877-sf Class A office building located at 2325 E Camelback Rd. The property is situated at the southwest corner of Camelback Rd and 24th St, one of the most dynamic corners in Phoenix’s Biltmore area. The coworking veteran, Lucid Private Offices, will open its newest, and first Arizona location in March 2024.
Cushman & Wakefield’s Scott Boardman and Kristina Cutillo together with Hines represented ownership in the transaction. Cresa’s John Pelletier and Austin Studebaker in collaboration with Locate’s Jim Sadler represented the tenant.
Founder and CEO of Lucid, Flip Howard, says, “We couldn’t have scripted a more on-brand location by choosing the nicest building on the most iconic corner in Phoenix for Lucid’s first Arizona location. Hines ownership is the icing on the cake and hopefully this is the first of many Hines Class AA buildings with Lucid Private Offices.”
“We are thrilled that Lucid Private Offices has selected 24th At Camelback II, a state-of-the-art office building, and the Phoenix market to continue its growth and expansion. The flexible workspaces provider makes a really great addition to our quality roster and premier working environment,” said Executive Director Scott Boardman.
24th At Camelback II is LEED Platinum Certified and boasts an Energy Star rating of 92 and features an array of on-site amenities, such as landscaped outdoor seating area with wi-fi, common conference center on the ground floor, access to a high-end fitness center, and sweeping views of Piestewa Peak and Camelback Mountain. Additionally, there are plentiful walkable off-site amenities including a dynamic variety of restaurants, shopping, upscale hotels, leisure/entertainment as well as quick access to Sky Harbor Airport.
24th At Camelback II also recently achieved the WELL™ Health-Safety Rating through the International WELL Building Institute (IWBI). The WELL Health-Safety Rating is an evidence-based, third-party verified rating for new and existing building and space types focusing on operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment now and into the future.
