Renaissance Square Explained

Alternate Names:Ren Square
Location:2 & 40 North Central Avenue
Phoenix, Arizona
Coordinates:33.4487°N -112.0745°W
Completion Date:Tower 1: 1986
Tower 2: 1990
Building Type:Commercial offices
Roof:Tower 1: 105.77m (347.01feet)
Tower 2: 113.39m (372.01feet)
Floor Count:Tower 1: - 26
Tower 2: 28
Elevator Count:8 low rise, 10 high rise, 2 freight, 3 hydro cabs
Floor Area:965508square feet
Architect:Pierce Goodwin Alexander & Linville
Emery Roth & Sons
Developer:Trammell Crow Company
Owner:Oaktree Capital Management & Cypress Office Properties
Management:CBRE
References:[1] [2]

Renaissance Square is a high-rise complex located in downtown Phoenix, Arizona. The complex includes two towers: One Renaissance Square at 347feet with 26 floors, and Two Renaissance Square at 372feet with 28 floors. Although a part of the same complex, Tower 1 was completed in 1986 while Tower 2 was completed in 1990. Renaissance Square, which is composed of buildings which stand as the seventh- and fourteenth-tallest buildings in Phoenix, is entirely an office complex. The two towers are connected by a skyway positioned halfway up the structures.

Developed by Trammell Crow Company, Renaissance Square was sold to the Pauls Corporation in 2005 for .[3] In late 2007, the Pauls Corporation sold the complex to the Hines U.S. Core Office Fund for .[4] It was the second-largest commercial exchange in Phoenix in 2007.[4] In December, 2016 Oaktree Capital Management & Cypress Office Properties purchased the towers from Hines for US$150 million. In late 2017 the project underwent over US$50 million in building renovations. Cushman & Wakefield has the listing assignment to lease the project.

See also

Notes and References

  1. Web site: One Renaissance Square . https://web.archive.org/web/20160307024709/https://www.emporis.com/buildings/118143 . dead . March 7, 2016 . Emporis.
  2. Web site: Two Renaissance Square . https://web.archive.org/web/20160307024816/https://www.emporis.com/buildings/118108 . dead . March 7, 2016 . Emporis.
  3. News: Xcel Energy sells Renaissance Square . Steve . LeBeau . . August 12, 2005 . subscription . live . https://ghostarchive.org/archive/NDwfv . 2 May 2024 .
  4. Web site: Real Estate Briefs: Investor scores big on sale of Renaissance Square towers . subscription . Phoenix Business Journal . 2007-12-28 . 11 February 2011 . live . https://web.archive.org/web/20110805125856/http://www.bizjournals.com/phoenix/stories/2007/12/31/focus2.html . Aug 5, 2011 .