One North Central Explained

One North Central
Address:1 North Central Avenue, Phoenix
Coordinates:33.4486°N -112.0732°W
Start Date:2000
Completion Date:2001
Building Type:Office
Floor Count:20
Floor Area:410000square feet
Architect:SmithGroup
Developer:Ryan Companies
Owner:Parallel Capital partners
References:[1] [2] [3]

One North Central, formerly the Phelps Dodge Tower, is a high-rise office building located along Central Avenue in the Downtown area of Phoenix, Arizona, United States. Its name is a reference to its street address at 1 N. Central Avenue. The tower rises 20 floors and 290feet in height. Owned by Parallel Capital Partners, One North Central was built in 2001 and initially served as the headquarters for the Phelps Dodge mining company. The tower was designed by SmithGroup, and Ryan Companies was the developer.[4] Today it stands as the 25th-tallest building in Phoenix. Phelps Dodge was subsequently acquired by Freeport McMoRan Inc., who moved the corporate offices two blocks north into the newly constructed Freeport-McMoRan Center.

Mitsubishi Estate Co. Ltd. purchased the building in 2008 for $128 million.[5] In 2015 the building was sold to its current owner Parallel Capital Partners for $93.7 million.[6] In 2017, Quicken Loans (now Rocket Mortgage) announced plans to lease 150,000 square feet of office space on 6 floors of One North Central.[7] The move was completed in 2018, with sister company Amrock opening a regional office in the building in 2021.[8]

See also

Notes and References

  1. Web site: Phelps Dodge Centre . https://web.archive.org/web/20070309023843/http://www.emporis.com/en/wm/bu/?id=phelpsdodgecentre-phoenix-az-usa . dead . March 9, 2007 . Emporis.com . 2007-12-15.
  2. Web site: Phelps Dodge Corporate Headquarters . SkyscraperPage.com . 2008-06-21.
  3. Web site: One North Central - Parallel Capital Partners . ParallelCapitalPartners.com . 2021-11-18.
  4. News: 2000-02-04 . Phelps Dodge Tower . 57 . Arizona Republic . 2022-07-26.
  5. https://www.bizjournals.com/phoenix/stories/2008/03/10/daily21.html Phelps Dodge Tower sold for $128M
  6. https://rebusinessonline.com/one-north-central-office-tower-in-phoenix-sells-for-93-7m/ One North Central Office Tower in Phoenix Sells for $93.7M
  7. https://pressroom.rocketmortgage.com/2017/06/14/quicken-loans-moves-arizona-office-urban-core-downtown-phoenix/ Quicken Loans Moves Arizona Office to Urban Core of Downtown Phoenix
  8. https://www.amrock.com/posts/new-arizona-office Amrock Opens New Office in Arizona